Baird analyst Colin Sebastian raised the firm’s price target on Amazon.com to $150 from $130 and keeps an Outperform rating on the shares. The firm raised its e-commerce estimates as a result of the strong Prime Day volumes. The firm increases its target to reflect the slightly higher estimate and updated comparable multiples.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMZN:
- Citi ‘incrementally confident’ on Amazon after Prime Day
- DA Davidson cybersecurity analyst to hold an analyst/industry conference call
- Microsoft Stock (NASDAQ:MSFT): Wall Street is Upbeat About Future Prospects
- Prime Day Means Nice Uptick for AMZN Stock
- Amazon Prime Day unit growth ‘intrinsically impressive,’ says Evercore ISI