Amazon.com (AMZN) PT Raised to $1,600 at Loop Capital
Loop Capital raised its price target on Amazon.com (NASDAQ: AMZN) to $1,600.00 (from $1,500.00) while maintaining a Buy rating.
Analyst Anthony Chukumba commented, "Amazon ended 2017 on a high note in our opinion, including strong top-line growth and operating margin expansion in North America and AWS. We were particularly impressed by North America's operating income, which disproved the common misconception AWS is Amazon's only business that makes any money."