Amazon.com (AMZN) PT Lowered to $4,250 at BofA Securities
Get Alerts AMZN Hot Sheet
Rating Summary:
65 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
BofA Securities analyst Justin Post lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,250.00 (from $4,350.00) after revenue/GAAP EPS of $113.1bn/$15.12 fell short of the Street consensus of $115.2bn/$12.23. Revenue was 2% below Street and at the midpoint of guidance after beating guidance for last 5 quarters.
The analyst reiterated a Buy rating, stating "Higher mobility & vaccination rates are leading to lower Online penetration, impacting revenue growth (potentially for several quarters). 3Q guidance was also below the street, but management emphasized 2-Yr growth rates, and we note, despite miss, 3Q is expected to grow 26% annualized vs 3Q’19, well above 2019 at 20%."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon to save $1.3B by cutting office vacancies and terminating leases early - Leaked Documents
- Jefferies Upgrades Citizen Watch (7762:JP) to Buy
- Torrid Holdings Inc (CURV) PT Raised to $4.80 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!