Amazon (AMZN) PT Raised to $920 at Goldman Sachs

JPMorgan Has 5 Key Takeaways from Amazon's (AMZN) Strong Quarter

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and $925 price target on Amazon.com (NASDAQ: AMZN) following strong Q2 results. He sees 5 key takeaways:

1) AMZNs 2Q execution was strong across the board. The company continues to benefit from the AMZN Flywheel, Prime, a growing distribution footprint, getting closer to customers, 3P, AWSthe list goes on. The AMZN story has come together- with profitability.

2) 2Q results and the 3Q... More

Amazon (AMZN) PT Raised to $941 at Oppenheimer

Oppenheimer analyst Jason Helfstein reiterated an Outperform rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $941.00 (from $930.00) following another strong quarter, while guidance was weaker on content investment.

Helfstein commented, "Following exceptional 2Q results on revenue & margins, we are raising our... More

Amazon (AMZN) PT Raised to $850 at Baird

Baird analyst Colin Sebastian reiterated an Outperform rating and lifted his price target on Amazon.com (NASDAQ: AMZN) to $850.00 (from $800.00) as revenue growth accelerates yet again, fueled by Prime flywheel.

Sebastian commented, "AMZN reported Q2 revenue growth/margin expansion well-above consensus expectations, driven by broad-based... More

Tech shares and muted GDP growth push S&P 500 to record

NEW YORK (Reuters) - Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

The benchmark index rose as much as 0.3 percent, touching an all-time high of 2,177.09, and completed its fifth straight month of gains.

Shares of Google parent Alphabet (NASDAQ: GOOGL) jumped 3.33 percent a day after the Internet company posted strong quarterly revenue growth, while online retailer Amazon.com (NASDAQ:... More

Amazon (AMZN) PT Raised to $840 at RBC Capital

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $840.00 (from $800.00) after the company delivered another record quarter, although Q3 Op Income guidance was lighter than expected.

The Quarter Keys: 1) Accelerating Retail Rev. Growth... More

Amazon.com's (AMZN) Price Target Raised to $985 at Deutsche Bank

Deutsche Bank maintained a Buy rating on Amazon.com (NASDAQ: AMZN) and raised its price target to $985.00 (from $900.00). Analyst Ross Sandler characterized Q2 results as a "solid beat" and he thinks guidance is conservative.

"AMZN reported revenue and EPS 3% and 21% above consensus, and the overall tone of the 2Q print was upbeat. Guidance assumes another quarter of strong revenue growth (6.1% at mid-point) and the OI step down reflects... More

Amazon (AMZN) PT Raiesd to $875 at Macquarie

Macquarie analyst Ben Schachter reiterated an Outperform rating and raised its price target on Amazon.com (NASDAQ: AMZN) to $875.00 (from $760.00) following Q2 results.

Schachter commented, "We think AMZN is in a position to have its best 4Q ever, and by a... More

Amazon.com (AMZN): Phenomenal Retail/AWS Growth - Wedbush

Wedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Amazon.com (NASDAQ: AMZN) and raised his price target to 900.00 (from $835.00). The companys outsized earnings beats in 1H:16 appear to be a signal that it is focused on growing profits; Amazon Web Services... More

Amazon.com (AMZN): Raising PT to $800 - SunTrust

SunTrust Robinson Humphrey analyst, Bob Peck, reiterated his Buy on shares of Amazon.com (NASDAQ: AMZN) after the company delivered a solid 2Q despite tougher comps, with revenue growth accelerating to 31% on the Prime flywheel and AWS, and the highest consolidated segment operating income (CSOI) margin in 6 years. The 3Q guide beat on revenue, but margins are expected to decline on higher... More

Amazon (AMZN) PT Raised to $900 at UBS

UBS analyst Eric Sheridan reiterated a Buy rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $900.00 (from $785.00) following results after the close.

Sheridan commented, "Q2 results were another step in Amazon demonstrating continued revenue strength ("the Flywheel")... More

Amazon (AMZN) PT Raised to $950 at Jefferies

Jefferies US Internet Team reiterated a Buy rating and raised its price target on Amazon.com (NASDAQ: AMZN) to $950.00 (from $865.00) following strong results after the close.

They commented, "AMZN reported a solid quarter with revenue and unit growth acceleration. Guidance came in... More

Amazon (AMZN) PT Raised to $900 by Piper Jaffray Munster

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $900.00 (from $800.00) following strong results after the close.

Munster commented, "Amazon reported revenue 3% ahead of consensus while also driving non-GAAP operating income 26% above consensus (6.9% margin... More

Amazon (AMZN) PT Raised to $855 at Mizuho

Mizuho Securities analyst Neil Doshi reiterated a Buy rating and lifted his price target on Amazon.com (NASDAQ: AMZN) to $855.00 (from $810.00) following solid Q2 results.

Doshi commented, "Amazon reminded us who is King of the eCommerce Jungle. Revenue of $30.4b accelerated to 30%... More

Amazon.com (AMZN): Returning to Investment in 3Q After Blowing Away Estimates - BMO

BMO Capital analyst, Daniel Salmon, reiterated his Outperform rating on shares of Amazon.com (NASDAQ: AMZN) after the company announced 2Q16 revenue of $30.4B (+30% CC). This beat the analyst's $30.0B estimate and the Streets $29.6B. North America revenue of $17.7B beat the Streets $17.4B,... More

Cowen Boosts PT on Amazon.com (AMZN) to $900 Following Solid Q2 Results and Outlook

Cowen and Company lifts its price target on Outperform-rated Amazon.com (Nasdaq: AMZN) from $830 to $900 following above-expectations Q2 results.

Cowen commented, AMZN's strong 2Q16 results beat our above-consensus forecast, unit growth accelerated again (+28% y/y vs. +22% last yr). While 3Q16 revenue guide was well above... More

Amazon.com (AMZN) Tops Q2 EPS by 67c

Amazon.com (NASDAQ: AMZN) reported Q2 EPS of $1.78, $0.67 better than the analyst estimate of $1.11. Revenue for the quarter came in at $30.4 billion versus the consensus estimate of $29.55 billion.

Operating cash flow increased 42% to $12.7 billion for the trailing twelve months, compared with $9.0 billion for the trailing twelve months ended June 30, 2015. Free cash flow increased to $7.3 billion for the trailing twelve months, compared with $4.4 billion for the trailing... More