Amazon (AMZN) PT Raised to $777 at Credit Suisse
Credit Suisse analyst S. Ju reiterated an Outperform rating and boosted its price target on Amazon.com (NASDAQ: AMZN) to $777.00 (from $720.00).
Ju commented, "AMZN posted a better-than-expected 3Q15 with revenue of $25.4b up 30% x-FX, CSOI was $993m (vs. -$136mm in 3Q14) and our $399mm. Consequently, CSOI margin was 3.9% vs. -0.7% in 3Q14 and was 230bps above our 1.65% estimate."
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Shares of Amazon.com closed at $563.91 yesterday.