Amazon Web Services Announces M4 Instances for Amazon EC2

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Canaccord Genuity Believes Amazon.com (AMZN) is Still in Investment mode But Raises Price Target to $400; Reiterates Hold

June 15, 2015 9:38 AM EDT

Canaccord Genuity reiterates a Hold rating on Amazon.com (NASDAQ: AMZN), and raised the price target to $400.00 (from $380.00), after revisiting margin drivers. Analyst Michael Graham believes that the company is still in investment mode.

Graham commented, "Amazon stock has been a dramatic... More