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Amazon (AMZN) PT Raised to $900 at UBS

July 29, 2016 7:39 AM EDT
Get Alerts AMZN Hot Sheet
Price: $180.38 +0.31%

Rating Summary:
    65 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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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.



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