Amazon (AMZN) PT Raised to $775 at Jefferies

Jefferies US Internet Team reiterated a Buy rating and boosted its price target on Amazon.com (NASDAQ: AMZN) to $775.00 (from $730.00).

The team commented, "Amazon delivered another solid quarter with nice acceleration in unit and revenue growth. We reiterate our Buy rating as the company remains one of the best large-cap ideas in our coverage universe, with one of the most significant moats. We believe AMZN should be a core eCommerce holding as it has plenty of growth opportunities ahead and raise our PT to $775 (from $730)."

FY 2016 EPS goes from $6.41 to $6.49.

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $563.91 yesterday.

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