Amazon.com, Inc. AMZN 0.62% shares are up 7.0 percent in Friday trading after the company reported strong top-line and bottom-line beats in Q3.
Amazon reported GAAP EPS of $0.17 on revenue of $25.4 billion, ahead of consensus estimates of -$0.13 and $24.9 billion, respectively.
Where does Amazon’s stock go from here? Here’s what five Wall Street firms have to say about the stock now.
Jefferies
Analyst Brian Pitz believes Amazon “should be a core eCommerce holding as it has plenty of growth opportunities ahead.”
Jefferies has a Buy rating on Amazon and raised its price target from $730 to $775.
Cantor Fitzgerald
Analyst Youssef Squali believes the world “could be seeing the beginnings of the much sought-after margin expansion phase” for Amazon.
The firm maintains its Buy rating and raised its price target from $670 to $750.
Macquarie
Analyst Ben Schachter pointed out…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!