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Amazon (AMZN) PT Raised to $1000 at RBC Capital
September 16, 2016 6:45 AM EDTRBC Capital analyst Mark Mahaney reiterated an Outperform rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $1,000.00 (from $840.00) following their 4th Annual Online Consumer Survey covering U.S., Germany & Japan. They also analyze "4th Pillar Potential" of the company's Alexa/Echo Platform.
Mahaney highlighted the following key points:
Update #1: U.S. Consumer Survey Highlights Faster Flywheels: 1)Stretching its Lead 89% selected Amazon when asked which Online Retail site they use most, modestly widening its lead over #2, eBay. 2)Purchase Frequency Rising, Satisfaction Remains High 85% stated they are Extremely or Very satisfied, translating... More