Bernstein Upgrades Amazon (AMZN) to Outperform
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Sanford C. Bernstein upgrades Amazon (Nasdaq: AMZN) upgrades to Market Perform to Outperform and raises their price target from $125 to $160.
The firm expects revenue re-acceleration to continue at Amazon.com through 2010.
For more analyst ratings on Amazon.com click here.
Amazon.com, Inc. operates as an online retailer in North America and internationally.
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Comments
I don't Get it
Google trades at a forward PE of 21 while Amazon trades at a forward PE of 53. Google has more cash on the books than Amazon. Has captured 70% of it's market. While Amazon competes with many others. Google has no debt , Amazon does. Pulls in more money than Amazon. Why do they still like Ebay, Yahoo and Google better. Does anyone get Google. If Google split it's stock the amount of times Amazon has it would be a 30 dollar stock. Thats a better deal. Is everyone so against this company because of it's stock price.
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Amazon
Beltway Greg on Nov 6, 2009 08:48 AMShort this anytime the futures are down. I would be shocked to see this finish above $120.00 today. Aren't these the same people who upgraded Palm? If the market rises Palm may see some upside but there's no way that it can fight the tape.