Evercore ISI Reiterates Outperform Rating on Amazon.com (AMZN) after meetings with ecommerce sellers

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $160.00 price target on Amazon.com (NASDAQ: AMZN) after attending 'Prosper Show' in Las Vegas, a gathering of ecommerce sellers (Amazon, Walmart, and beyond) and solution providers.

"Our goal was to network and gather insights on the business fundamentals. We came away more constructive on Amazon Marketplace, which appears to be maintaining its leadership position thanks to its high quality traffic and marketing advantages, even in the face of significant competition from players like Shopify, Walmart, and Etsy."

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 $96.20 yesterday.

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