Amazon.com (AMZN) PT Raised to $2,600 at RBC Capital

RBC Capital analyst Mark Mahaney raised the price target on Amazon.com (NASDAQ: AMZN) to $2,600.00 (from $2,250.00) after analyzing the impact of One Day Shipping and finding out it accelerates Revenue as well as Costs.

The analyst stated "We believe AMZN may well generate accelerating Revenue & Unit growth for some time as One-Day goes nationwide & worldwide. Q2 also demonstrated accelerating Shipping & Fulfillment costs and headcount growth, with an incremental cost of $800MM+". No change to the Outperform rating.

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