Buy with Prime and Amazon (AMZN) Multi-Channel Fulfillment Expand with New Capabilities and More Brands

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Amazon.com (AMZN) PT Raised to $240 at Evercore ISI

September 19, 2024 4:11 PM EDT

Evercore ISI analyst Mark Mahaney raised the price target on Amazon.com (NASDAQ: AMZN) to $240.00 (from $225.00) while maintaining a Outperform rating.

The analyst comments "Our View: We are reiterating our Outperform on AMZN and raising our PT from $225 to $240 (based on 35X our 26 EPS of approx. $7.00 and 25X our 26 FCF of approx. $100B). AMZN remains our #1 Large Cap Long. In this report, we focus on Amazons ramped up focus and opportunity with Prime Video. Amazon has... More