Amazon.com (AMZN) : Zacks Investment Research ranks Amazon.com (AMZN) as 3, which is a Hold recommendation. 24 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 29 research analysts is 1.24, which indicates as a Strong Buy.
Amazon.com (AMZN) : The most positive equity analysts on Amazon.com (AMZN) expects the shares to touch $985, whereas, the least positive believes that the stock will trade at $585 in the short term. The company is covered by 30 Wall Street Brokerage Firms. The average price target for shares are $839.87 with an expected fluctuation of $77.56 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, UBS maintains its view on Amazon.com (NASDAQ:AMZN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. UBS raises the price target from $785 per share to $900 per share on Amazon.com . The rating by the firm was issued on July 29, 2016.
Amazon.com (NASDAQ:AMZN): The stock opened at $757.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $758.89 for the day. The stock traded down to $752.25 during the day, due to lack of any buying support eventually closed down at $754.64 with a loss of -0.78% for the day. The stock had closed at $760.58 on the previous day. The total traded volume was 3,580,796 shares.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Companys products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Companys operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.