Amazon.com (AMZN) PT Raised to $1,250 at Canaccord Genuity
Canaccord Genuity raised its price target on Amazon.com (NASDAQ: AMZN) to $1,250.00 (from $1,200.00) while maintaining a Buy rating.
Analyst Michael Graham likes the "super strong Q3" noting the 30% top-line organic growth. The analyst says investors seem to not mind the contracting N. American and International operating margins possibly due to the accelerating growth and opening up of new market opportunities. Graham expects the trends to continue for the foreseeable future and suspects AMZN is in the early stage of its growth trajectory.