Benchmark Maintains a 'Buy' on Amazon.com (AMZN); Global eCommerce Growth is Resilient
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Price: $262.96 --0%
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade AMZN Now!
Benchmark maintains a 'Buy' on Amazon.com (NASDAQ: AMZN) price target of $260.00.
Analyst, Daniel L. Kurnos, said, "Amazon stands to benefit from ecommerce sales which we believe have remained relatively resilient despite a global economic slowdown and a particularly challenging environment in Europe. Continued growth in stronger, more mature economies such as the US, UK, Germany and France, hyper growth in developing markets such as Eastern Europe and Asia, and the rapid emergence of mobile commerce may be limiting the slowdown in the online channel. Furthermore, expectations may be lowered given the broader macro backdrop despite Amazon’s consistent outperformance of its local markets."
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 $216.42 yesterday, with a 52 week range of $166.97-$246.71.
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Analyst, Daniel L. Kurnos, said, "Amazon stands to benefit from ecommerce sales which we believe have remained relatively resilient despite a global economic slowdown and a particularly challenging environment in Europe. Continued growth in stronger, more mature economies such as the US, UK, Germany and France, hyper growth in developing markets such as Eastern Europe and Asia, and the rapid emergence of mobile commerce may be limiting the slowdown in the online channel. Furthermore, expectations may be lowered given the broader macro backdrop despite Amazon’s consistent outperformance of its local markets."
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 $216.42 yesterday, with a 52 week range of $166.97-$246.71.
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