Amazon (AMZN) PT Raised to $810 at Mizuho Securities

Mizuho Securities analyst Neil Doshi reiterated a Buy rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $810.00 (from $685.00) following strong Q1 results.

Doshi commented, "After a 4Q miss and lower, sentiment was mixed going into the 1Q print. But Amazon reminded us who is King of the eCommerce Jungle. Revenue of $29.1b accelerated to 29% YoY growth (ex-FX), gross margin reached a record high 35.2% and CSOI margin of 5.7% was the highest since 3Q09. This solid performance came from strength among Prime users, with international Prime users driving accelerating sales. We reiterate our Buy rating as we believe the Prime Flywheels will support continued 20%+ rev growth and margin expansion."

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 $602.00 yesterday.

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