Amazon.com (AMZN) PT Raised to $1,360 at Nomura/Instinet; 'Mix Shift Allows Gross Margin Funded Moat'
Nomura/Instinet raised its price target on Amazon.com (NASDAQ: AMZN) to $1,360.00 (from $1,100.00) while maintaining a Buy rating, following update review of the company's outlook.
Analyst Simeon Siegel notes a positive outlook on the shares, following an updated review of the company's outlook and deep dive into the company's margin structure, while suggesting growth in every segment outpacing retail product revenue should benefit gross margins, with third party penetration growth contributing to the expansion.