Amazon.com (AMZN) PT Raised to $1,313 at Stifel
Stifel raised its price target on Amazon.com (NASDAQ: AMZN) to $1,313.00 (from $1,100.00) while maintaining a Buy rating.
Analyst Scott Devitt comes away impressed with the top-line and margin beats and remains positive on the business noting he supports where the investments the company is undertaking are focused. The analyst feels once the investment cycle is complete the company will be positioned to better capture market share gains and expand margins.