Amazon.com (AMZN): Another Subscription Music Service - Mizuho

October 12, 2016 11:02 AM EDT
Get Alerts AMZN Hot Sheet
Price: $759.36 +2.57%

Rating Summary:
    45 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
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Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of Amazon.com (NASDAQ: AMZN) after the company announced Music Unlimited. Amazon Music Unlimited (AMU) is Amazon's on-demand music service which is comparable to Apple Music, Spotify, Google Play Music, etc. The service will cost $9.99 a month or $7.99 for Prime members. For Echo, Dot, or Tap owners, they can get a one-device $3.99 per month subscription. Amazon also revamped its mobile app to feature artists and discovery more prominently. The service will launch in the U.S. today, with the U.K., Germany and Australia to follow.

No change to the price target of $950.

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 $831.00 yesterday.



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