Amazon.com (NASDAQ: AMZN) received a number of price target changes and ratings updates during the last week:

  • Amazon.com had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $297.00 price target on the stock.
  • Amazon.com had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $300.00 price target on the stock.
  • Amazon.com had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $263.00 price target on the stock. Zacks‘ analyst wrote, “Amazon.com is one of the largest online retailers in the world and despite its high market share, continues to grow strongly. However, the company’s decision to significantly increase the number of fulfillment centers to cater to demand across different markets and technology investments will likely have a negative impact on its earnings this year. Stiff competition and the corresponding pricing pressure are also expected to continue. We believe that current investments are supported by the strong balance sheet and expect them to drive the next growth phase, enabling international expansion. However, it is not clear how long the investment phase will continue, which makes us incrementally cautious. We therefore have a Neutral rating on Amazon shares. “
  • Amazon.com had its “outperform” rating reaffirmed by analysts at William Blair.
  • Amazon.com had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $300.00 price target on the stock.
  • Amazon.com had its “overweight” rating reaffirmed by analysts at Atlantic Securities. They now have a $280.00 price target on the stock.

Shares of Amazon.com, Inc. traded down 2.14% during mid-day trading on Wednesday, hitting $245.58. Amazon.com, Inc. has a one year low of $166.97 and a one year high of $264.11. The company has a market cap of $111.0 billion and a P/E ratio of 305.68.

Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.