Amazon.com (AMZN) : The consensus on Amazon.com (AMZN) based on 29 analyst recommendation on the company stock is 1.38, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 23 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Amazon.com (AMZN) : Currently there are 29 street experts covering Amazon.com (AMZN) stock. The most bullish and bearish price target for the stock is $995 and $520 respectively for the short term. The average price target of all the analysts comes to $849.1. The estimated standard deviation from the target is $92.3.
Also, Brokerage firm MKM Partners maintains its rating on Amazon.com (NASDAQ:AMZN). As per the latest information, the brokerage house raises the price target to $995 per share from a prior target of $850. The shares have been rated Buy. The rating by the firm was issued on August 2, 2016.
Amazon.com (NASDAQ:AMZN): After opening at $762, the stock dipped to an intraday low of $757.58 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $770.87 and the buying power remained strong till the end. The stock closed at $769.69 for the day, a gain of 1.13% for the day session. The total traded volume was 3,043,534. The stocks close on the previous trading day was $761.09.
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.