BMO initiated coverage on shares of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday with an outperform rating. The firm is expecting both the North American retail business – driven by Prime – and Amazon Web Services to continue to support margin expansion over the coming years
The firm is one of 25 equity research analysts that have recently weighed in on shares of Amazon.com, Inc. (NASDAQ:AMZN). On a consensus basis, the sell-side has a one year price target of $731.28 on the stock. The most aggressive analyst sees the stock reaching $900 while the most conservative has a $575 target price.
In terms of Buy,Sell or HOld recommendations, Amazon.com, Inc. has an averate broker rating of 1.39. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $0.59 for the current quarter on or around 2016-04-28. Most recently the company posted an earnings surprise of -37.89% as the reported number of $1 was $-0.61 away from consensus estimates.
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