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Piper Jaffray Reiterates Overweight on Amazon (AMZN) as Search Index Suggests Online Retail Revenue Growth

October 19, 2018 8:51 AM EDT

Piper Jaffray analyst, Michael Olson, reiterated an Overweight rating and $2,100.00 price target on Amazon.com (NASDAQ: AMZN).

Piper Jaffray's reformulated Amazon search index points to FXN online retail revenue growing 26.0% y/y, above street estimates calling for 18.1%, or a 19 point deceleration from... More