Baird Maintains an 'Outperform' on Amazon.com (AMZN); Soothing Some Nerves
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Price: $268.00 -0.7%
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Trade AMZN Now!
Baird maintains an 'Outperform' on Amazon.com (NASDAQ: AMZN) price target of $250.00.
Analyst, Colin Sebastian, said, "Solid growth worldwide and accelerating Media and Marketplace contributions drove upside, consistent with our positive e-commerce checks. More surprisingly, operating income and EPS easily beat guidance and consensus expectations driven by a higher gross margin. Underlying trends remain healthy with strong unit growth and improving digital content sales. We continue to view Amazon as a core Internet holding with the most visible and largest growth opportunities in the sector."
"We are raising our Q2 and 2012 revenue estimates to $12.6 billion (+27%) and $62.7 billion (+30%), from $12.4 billion and $62 billion, respectively."
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 $195.99 yesterday, with a 52 week range of $166.97-$246.71.
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Analyst, Colin Sebastian, said, "Solid growth worldwide and accelerating Media and Marketplace contributions drove upside, consistent with our positive e-commerce checks. More surprisingly, operating income and EPS easily beat guidance and consensus expectations driven by a higher gross margin. Underlying trends remain healthy with strong unit growth and improving digital content sales. We continue to view Amazon as a core Internet holding with the most visible and largest growth opportunities in the sector."
"We are raising our Q2 and 2012 revenue estimates to $12.6 billion (+27%) and $62.7 billion (+30%), from $12.4 billion and $62 billion, respectively."
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 $195.99 yesterday, with a 52 week range of $166.97-$246.71.
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Robert W Baird
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