Nomura Securities Maintains a 'Neutral' on Amazon.com (AMZN); Q1 Preview
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Price: $262.65 -0.94%
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Amazon.com (NASDAQ: AMZN) price target of $200.00.
Analyst, Brian Nowak, said, "We are 3% above consensus revenue (modeling 35% y-y growth), but $142mn (78%) above consensus CSOI, a testament to the Street’s sentiment shift and overall more cautious outlook. We have few concerns about Amazon’s top-line opportunity, but we have been concerned with the costs of investment in its three core platforms. We believe Street sentiment has turned more cautious on Amazon. We remain on the sidelines heading into earnings, as we are still 11% below 2013 CSOI estimates and continue to look for a further sign of margin alleviation through this investment period. Our 2012E/2013E EPS goes from $1.15/$1.76 to $1.17/$1.77, respectively, owing to F/X."
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 $188.24 yesterday.
Analyst, Brian Nowak, said, "We are 3% above consensus revenue (modeling 35% y-y growth), but $142mn (78%) above consensus CSOI, a testament to the Street’s sentiment shift and overall more cautious outlook. We have few concerns about Amazon’s top-line opportunity, but we have been concerned with the costs of investment in its three core platforms. We believe Street sentiment has turned more cautious on Amazon. We remain on the sidelines heading into earnings, as we are still 11% below 2013 CSOI estimates and continue to look for a further sign of margin alleviation through this investment period. Our 2012E/2013E EPS goes from $1.15/$1.76 to $1.17/$1.77, respectively, owing to F/X."
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 $188.24 yesterday.
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