Amazon.com (AMZN) : 28 Wall Street analysts covering Amazon.com (AMZN) believe that the average level the stock could reach for the short term is $860.86. The maximum price target given is $995 and the minimum target for short term is around $670, hence the standard deviation is calculated at $68.41.
Amazon.com (AMZN) : Zacks Investment Research ranks Amazon.com (AMZN) as 3, which is a Hold recommendation. 23 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 28 research analysts is 1.25, which indicates as a Strong Buy.
Also, In a research note released to the investors, MKM Partners maintains its rating on Amazon.com (NASDAQ:AMZN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, MKM Partners raises the new price target from $850 per share to $995 per share. The rating by the firm was issued on August 2, 2016.
Amazon.com (NASDAQ:AMZN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $770.90 and $766.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $772.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $770.62, notching a gain of 0.19% for the day. The total traded volume was 1,792,271 . The stock had closed at $769.16 on the previous day.
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.