Investment analysts at Barclays Capital upped their target price on shares of Amazon.com (NASDAQ:AMZN) from $260.00 to $280.00 in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price points to a potential downside of 7.71% from the stock’s previous close.
Amazon.com (NASDAQ: AMZN) traded up 3.07% on Friday, hitting $312.70. Amazon.com has a 52-week low of $218.18 and a 52-week high of $309.39. The stock’s 50-day moving average is currently $286.8. The company’s market cap is $142.4 billion.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.13. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the company posted $0.01 earnings per share. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. Analysts expect that Amazon.com will post $1.27 EPS for the current fiscal year.
A number of other firms have also recently commented on AMZN. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Amazon.com to $355.00 in a research note to investors on Friday. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $370.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Amazon.com from $315.00 to $330.00 in a research note to investors on Friday.
Eleven research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $324.39.
Amazon.com, Inc (NASDAQ: AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.