Needham & Company Maintains a 'Hold' on Amazon.com (AMZN); Expect More Bumps N-T, but Weakness May Present an Entry Point

Needham & Company maintains a 'Hold' on Amazon.com (NASDAQ: AMZN).

Needham analyst says, "Lowering estimates on disappointing 4Q11 revenue and guidance. While the expected weakness could present an attractive entry point for those investors with a long-term perspective, we expect more bumps in the near-term as Amazon continues to invest heavily in infrastructure and sales tax collection begins in earnest in 3Q12."

(Needham cuts FY12 EPS estimate from $2.36 to $1.47. FY revs get cut from $64.91 bln to $62.216 bln)

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 $194.44 yesterday.

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