Amazon (AMZN) PT Raised to $900 at UBS
Get Alerts AMZN Hot Sheet
Rating Summary:
65 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
UBS analyst Eric Sheridan reiterated a Buy rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $900.00 (from $785.00) following results after the close.
Sheridan commented, "Q2 results were another step in Amazon demonstrating continued revenue strength ("the Flywheel") from a) the ramp in Prime (on a global scale), b) category expansion, c) geo expansion & d) logistics/FBA. While concerns have persisted of tough comps and the slope of future investments, we think the Q2 earnings report continues to be part of the recent trendline (consisting of better than expected revs growth & balancing long-term investments (i.e., infrastructure, cloud computing, logistics, content) with margin expansion). While the ramp of investments will steepen in 2H 16 (especially content and pre-holiday fulfillment), we still see solid margin expansion against a better-than-expected revenue guidance. We continue to view AMZN shares as attractively valued relative to growth prospects, particularly when viewed on an ex-AWS basis (i.e., Amazon's retail business trading at just ~1.5x EV/Sales, based on our estimates if we value AWS at an EV of ~$131b)."
For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.
Shares of Amazon.com closed at $752.61 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Hennes & Mauritz AB (HMB:SS) (HNNMY) PT Raised to SEK190 at RBC Capital, 'showing some promising signs '
- Jefferies Upgrades Citizen Watch (7762:JP) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!