Argus Upgrades Amazon.com (AMZN) to Buy
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September 23, 2016 6:36 AM EDT
Mizuho Securities analyst Neil Doshi reiterated a Buy rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $950.00 (from $855.00) as their proprietary survey work shows that Amazon Prime is at an inflection point, and they believe this could drive increased revenue as consumers spend more on Amazon. Furthermore, Amazon's Alexa voice assistant + Echo devices could put Amazon at the center of home automation and be the next $11b+... More
September 22, 2016 7:25 AM EDT
BMO Capital analyst Daniel Salmon said while Q3 revenues estimates for Amazon.com (NASDAQ: AMZN) look appropriate they are raising their already above consensus estimates for 4Q due to increased confidence in Prime growth. The firm reiterated an Outperform rating and raised its price target to $900.00 (from $875.00).
"We believe... More
