
Amazon will report Q4
earnings on Thursday, Jan. 30, after market close. The company is expected to
report EPS of $3.98 and $86 billion in revenue. Revenue from Amazon Web
Services could rise by 29% to $9.62 billion and the company’s one-day shipping
program might send positive signals as well. Additionally, the ad business
could be an important profitability swing factor for Amazon, having shown
strong growth lately.
Amongst Amazon’s (AMZN)
main competitors are: Wal-Mart, Target, eBay, Overstock.com, Best Buy, and
China’s Alibaba.
RBC Capital Markets
analyst Mark Mahaney expects Amazon stock to Outperform the market and has set
a price target of $2,500, citing high growth potential in many different
sectors. The Benchmark Company reiterated the Buy rating on Amazon, with a
price target of $2100 - $2300 and Morgan Stanley reiterated the overweight
rating, with a price target of $2100 - $2200.
Average analyst target
price on TipRanks.com sees Amazon stock at $2,207.40 +19.11% increase from the
yesterday’s closing price of $1,853.25. The high forecast is $2500 representing a 36,67% increase.
Sources:
forbes.com, investors.com, finviz.com, tipranks.com
The information presented herein does not constitute and does not intend to constitute Investment Advice. The information contained herewith is a compilation of public stock recommendations issued by various financial analysts and organized in an easily presentable format, for information purposes only. Key Way Markets Ltd does not influence nor has any input in formulating the information contained herein. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation. Users/readers should not rely solely on the information presented herewith and should do their research/analysis by also reading the actual underlying research. Users/readers should also consider the risk of encountering significant losses when trading CFDs. Therefore, Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.