Amazon (AMZN) PT Raised to $800 at Credit Suisse
Credit Suisse analyst S. Ju reiterated an Outperform rating and lifted its price target on Amazon.com (NASDAQ: AMZN) to $800.00 (from $777.00), after separating out the financial statements for AWS.
"We increase our price target on AMZN shares from $777 to $800 following extensive work to separate out the financial statements for AWS from the core e-commerce franchise," Ju said.
The firm said AWS capital intensity is leveling off and FCD to reset higher.
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Shares of Amazon.com closed at $617.74 yesterday.
