Cowen Lifts PT on Amazon.com (AMZN) to $830 Following Strong Q1, Outlook

Amazon (AMZN) PT Raised to $785 at UBS Amid Accelerating Flywheel

April 29, 2016 8:07 AM EDT

UBS analyst Eric Sheridan raised his price target on Buy-rated Amazon.com (NASDAQ: AMZN) to $785.00 (from $720.00) as 2016 begins with an accelerating flywheel (Prime + FBA).

Sheridan commented, "In early 2016, investors have feared multiple drivers of a renewed investment cycle by Amazon (Q4's fulfilment cost... More

Amazon (AMZN) PT Lifted to $780 at Baird Following 'Beat Across the Board'

April 29, 2016 7:54 AM EDT

Baird analyst Colin Sebastian raised his price target on Outperform-rated Amazon.com (NASDAQ: AMZN) to $780.00 (from $710.00) following Q1 results which beat across the board.

Sebastian commented, "Revenue of $29.1B(+29% Y/Y ex-FX vs. +26% Y/Y 4Q15) and CSOI of $1.66B handily beat consensus($28B... More

Amazon (AMZN) PT Raised to $880 at Credit Suisse

April 29, 2016 7:51 AM EDT

Credit Suisse analyst S. Ju reiterated an Outperform rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $880.00 (from $800.00) following strong Q1.

Ju commented, "AMZN posted a better-than-expected 1Q16; revenue of $29.1b +29% x-FX was above our estimate, CSOI was $1.66b... More

Amazon (AMZN) PT Raised to $865 at Jefferies

April 29, 2016 7:23 AM EDT

Jefferies US Internet Team raised its price target on Amazon.com (NASDAQ: AMZN) to $865.00 (from $775.00) following strong Q1, with the Prime flywheel driving solid results.

The team commented, "Amazon reported another solid quarter with nice acceleration in revenue and unit growth. Guidance... More

Amazon (AMZN) PT Raised to $800 at RBC Capital

April 29, 2016 7:01 AM EDT

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $800.00 (from $715.00) in wake of Beat & Raise Q1 EPS results. He sees it as an Inflection Point Quarter.

Mahaney commented, "AMZN grew Q1 revenue 29% ex-FX to $29.1B, well ahead of the Street/RBC @$28B. Upside came from all three segments North... More

Amazon (AMZN) PT Raised to $810 at Mizuho Securities

April 29, 2016 6:48 AM EDT

Mizuho Securities analyst Neil Doshi reiterated a Buy rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $810.00 (from $685.00) following strong Q1 results.

Doshi commented, "After a 4Q miss and lower, sentiment was mixed going into the 1Q... More

Yen posts biggest weekly gain since 2008, stocks slip

April 28, 2016 8:36 PM EDT

By Herbert Lash

NEW YORK (Reuters) - The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed.

Major European stock indexes closed down more than 2 percent, but U.S. equities pared some losses by the close after being down as much as 1 percent.

The yen posted its biggest weekly gain since the 2008 financial crisis, also spurred by a weak reading of U.S. economic growth in the first quarter on... More

Amazon profit crushes estimates as cloud-service revenue soars

April 28, 2016 4:08 PM EDT

By Sarah McBride and Narottam Medhora

(Reuters) - Amazon.com Inc (NASDAQ: AMZN) on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division.

The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Shares of the world's biggest online retailer jumped nearly 13 percent to $679 in extended trading on Thursday.

... More

Amazon.com (AMZN) Tops Q1 EPS by 49c; Issues Q2 Outlook

April 28, 2016 4:02 PM EDT

(Updated - April 28, 2016 4:03 PM EDT)

Amazon.com (NASDAQ: AMZN) reported Q1 operating EPS of $1.07, $0.49 better than the analyst estimate of $0.58. Revenue for the quarter came in at $29.1 billion versus the consensus estimate of $27.97 billion.

Second Quarter 2016... More

Amazon.com (AMZN) Trades to Lows Ahead of Q1 Report

April 28, 2016 3:21 PM EDT

Amazon.com (Nasdaq: AMZN) shares are trading near session lows ahead of the company's Q1 report, which is expected out after markets close today.

Analysts see Amazon reporting Q1 EPS of $0.58 on revenue of about $28 billion, versus a loss of $0.12 per share and... More