Oppenheimer Raises AMZN Stock Price Target to $455

by Burke Speaker | March 18, 2014 10:33 am

Oppenheimer Raises AMZN Stock Price Target to $455

Amazon (AMZN[1]) shares have been given a price bump thanks to Oppenheimer, up to $455 from $440.

amazon1 Oppenheimer Raises AMZN Stock Price Target to $455[2]The investment firm reiterated its “outperform” rating and raised its outlook because of Amazon’s higher Prime pricing and continued market share gain predictions.

As investors noted, revenue growth was higher than the industry average of 8.5%. Since the same quarter last year, revenues increased some 20%.

And while growth in the company’s revenue looks to have boosted the earnings per share, it’s not all been smooth sailing.

Via Midwest Times:[3]

Amazon.com  opened at 375.04 on Tuesday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $408.06. The stock has a 50-day moving average of $363.7 and a 200-day moving average of $356.5. The company has a market cap of $172.2 billion and a price-to-earnings ratio of 633.46.

Amazon.com last released its earnings data January 30. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $1.91 EPS for the current fiscal year.

AMZN stock is down 5% year to date.

More AMZN News

Endnotes:
  1. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/04/amazon1.jpg
  3. Via Midwest Times:: http://www.mideasttime.com/oppenheimer-increases-amazon-com-price-target-to-455-00-amzn/98001/

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