Zacks Investment Research upgraded shares of Amazon.com Inc (AMZN) from NEUTRAL to OUTPERFORM on July 12, 2013, with a target price of $360.00.
Amazon.com is one of the largest online retailers in the world. Amazon thrashed the Zacks Consensus Estimate in the March quarter and its growth prospects, especially in international markets appear bright. The only thing weighing on expectations is its investment in fulfillment centers that will have a negative impact on its earnings this year. Aggressive pricing actions are also expected to continue as Amazon goes all out to attract consumers to its platforms. We believe that current investments are supported by a strong balance sheet and expect them to drive the next growth phase. We think this is a good time to invest in the shares as growth prospects override the uncertainty regarding investment expenses. We therefore have a Neutral rating on Amazon shares.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Amazon.com Inc (AMZN),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment