Amazon.com Announces Second Quarter Sales up 39% to $52.9 Billion

Amazon.com (AMZN) PT Raised to $2,130 at Oppenheimer

Oppenheimer raised its price target on Amazon.com (NASDAQ: AMZN) to $2,130.00 (from $1,750.00) while maintaining a Outperform rating.

Analyst Jason Helfstein commented, "We are increasing our target to $2,130 from $1,750, and maintaining our Outperform rating after AMZN reported better than expected margins and slightly... More

Amazon.com (AMZN) PT Raised to $2,250 at Susquehanna

Susquehanna raised its price target on Amazon.com (NASDAQ: AMZN) to $2,250.00 (from $2,000.00) while maintaining a Positive rating.

Analyst Shyam Patil commented, "AWS and Advertising drive impressive 2Q profitability with a continued strong 3Q outlook."

Amazon.com (AMZN) PT Raised to $1,870 at Barclays

Barclays raised its price target on Amazon.com (NASDAQ: AMZN) to $1,870.00 (from $1,850.00) while maintaining a Overweight rating following the company's 2Q earnings report. Amazon continues to perform at a level well-above its mega cap internet peers, with revenue and OI that was in-line and 68%... More

Amazon.com (AMZN) PT Raised to $2,000 at Guggenheim

Guggenheim raised its price target on Amazon.com (NASDAQ: AMZN) to $2,000.00 (from $1,850.00) while maintaining a Buy rating following the company's 2Q earnings report. AMZN reported a strong 2Q18 that included a +39.3% revenue increase (vs. +40.1% estimates) and much better-than-expected margins/CSOI.

Prime... More

Amazon.com (AMZN) PT Raised to $2,200 at Loop Capital Following 2Q

Loop Capital raised its price target on Amazon.com (NASDAQ: AMZN) to $2,200.00 (from $1,900.00) while maintaining a Buy rating following the company's 2Q earnings report. Operating margin improved 390 bps YoY to 5.6% and diluted EPS jumped 1,167.5% to $5.07, beating consensus by $2.59.

Management forecasts 3Q 2018... More

Amazon.com (AMZN) PT Raised to $2,250 at BMO Capital

BMO Capital raised its price target on Amazon.com (NASDAQ: AMZN) to $2,250.00 (from $2,000.00) while maintaining a Outperform rating.

Analyst Daniel Salmon commented, "This was the most profitable quarter in AMZN's history as operating margins expanded 400bps YoY and broke 5%. While we don't model... More

Amazon.com (AMZN) PT Raised to $2,200 at Macquarie

Macquarie raised its price target on Amazon.com (NASDAQ: AMZN) to $2,200.00 (from $2,100.00) while maintaining an Outperform rating. Revenues and CSOI were 2% below and 41% above Macuarie's expectations, respectively.

On page one of a press release by AMZN, it states, We want... More

Amazon.com (AMZN) PT Raised to $2,100 at Piper Jaffray

Piper Jaffray raised its price target on Amazon.com (NASDAQ: AMZN) to $2,100.00 (from $2,075.00) while maintaining an Overweight rating following the company's 2Q earnings report. AMZN reported revenue 1% below the Street and op income 74% above the Street. The mid-point of Q3 guidance calls for... More

Stifel Reiterates Buy on Amazon (AMZN) Following 2Q Release

Stifel reiterated a Buy rating and $2020.00 price target on Amazon.com (NASDAQ: AMZN) following the company's 2Q earnings report. Amazons 2Q was highlighted by continued momentum across its higher-margin businesses and meaningful improvements in operational efficiency, which resulted in 2Q operating income... More

Amazon (AMZN) Q2 EPS Doubles Views, Revenue Misses, Offers Q3 Guidance

Amazon (NASDAQ: AMZN) reported Q2 EPS of $5.07, versus the analyst estimate of $2.50. Revenue for the quarter came in at $52.9 billion versus the consensus estimate of $53.27 billion.

GUIDANCE:

Amazon sees Q3 2018 revenue of $54-57.5 billion, versus the consensus of $58.02... More