Amazon.com Announces Second Quarter Results
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July 31, 2020 6:55 AM EDT
Mizuho Securities analyst James Lee raised the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $3,450.00) while maintaining a Buy rating.
The analyst commented, "The strength in ecommerce and advertising was better than already-high expectations. 1P revenue growth accelerated 24-points and demand for... More
July 31, 2020 6:53 AM EDT
Needham & Company analyst Laura Martin raised the price target on Amazon.com (NASDAQ: AMZN) to $3,700.00 (from $3,200.00) while maintaining a Buy rating.
The analyst commented, "AMZN reported strong 2Q20 results at Net Sales of $88.9B (up 40% y/y and 11% above our... More
July 31, 2020 5:15 AM EDT
Edward Jones analyst Brian Yarbrough reiterated a Buy rating and {REMOVEPT} price target on Amazon.com (NASDAQ: AMZN).
Remains on Edward Jones Stock Focus List.
For an analyst ratings summary and ratings history on Amazon.com... More
July 30, 2020 4:09 PM EDT
Amazon (NASDAQ: AMZN) reported Q2 EPS of $10.30, $8.84 better than the analyst estimate of $1.46. Revenue for the quarter came in at $88.9 billion versus the consensus estimate of $81.53 billion.
GUIDANCE:
Amazon sees Q3 2020 revenue of $87-93 billion, versus the consensus of $86.3... More
