Amazon.com (AMZN) Earnings To Benefit From Prime Membership Price Increase - Stifel

Stifel analyst Scott Devitt reiterated a Buy rating and $2,300.00 price target on Amazon.com (NASDAQ: AMZN) ahead of 1Q earnings on Thursday, April 25th. Expectations for the quarter revenue generally in line with consensus with operating income slightly above Street expectations.

The analyst stated "We expect continued top line momentum following an impressive holiday season given the healthy macro backdrop, strong retail sales growth in the U.S., the Prime membership fee increase in 1H:18, and outsized growth from AWS and advertising, which we believe will drive further operating margin expansion in 2019 despite the company’s intentions to ramp up investments throughout the year. Amazon is well-positioned as the leader in two large/fast growing markets (retail and cloud), and we believe the company’s advertising business, which is still in the early stages, will continue to benefit as more businesses shift ad budgets Amazon’s way given its dominance in product search".

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 $1885.85 yesterday.

You May Also Be Interested In

• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• Oppenheimer Reiterates Outperform Rating on Electronic Arts (EA)
• Stifel's Comments on Amazon.com (AMZN) Grocery Subscription Annoucement