Raymond James Downgrades Amazon (AMZN) to Outperform
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April 25, 2014 8:56 AM EDT
Goldman Sachs maintained a Buy rating on Amazon.com (NASDAQ: AMZN) with a price target of $430.00.
Analyst Heath P. Terry said, "Amazon reported 1Q revenue of $19.7bn (+22.8% yoy vs. +20.3% in 4Q), above our estimate of $19.6bn and consensus at $19.4bn. Adjusted operating income... More
April 25, 2014 8:53 AM EDT
Susquehanna analyst Brian Nowak trimmed his price target on Amazon.com (NASDAQ: AMZN) to $450.00 (from $465.00) following Q1 results but maintained a Positive rating on the name. The analyst said while they like the revenue and gross profit acceleration a spending phase is ahead.
The analyst said slowing unit growth may be a red herring. "Despite the top-line performance speeding up, the quarter wasn't without blemishes as 1Q paid unit growth slowed to 23% YoY (vs. us at 26% and the Street at 24%). We attribute this to multiple... More
