Piper Jaffray (PJC) Analysts Reiterate a "Overweight" Rating on Amazon.com, Inc. (AMZN)
Tuesday, June 28, 2021 12:10 PM

Equities research analysts at Piper Jaffray (NYSE: PJC) reiterated an "overweight" rating on shares of Amazon.com, Inc. (NASDAQ: AMZN) in a research note to investors on Tuesday.

Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Amazon.com, Inc. from $225.00 to $245.00 in a research note to investors on Monday. They now have an "overweight" rating on the stock. Also, analysts at Citigroup (NYSE: C) reiterated a "buy" rating on shares of Amazon.com, Inc. in a research note to investors on Tuesday, June 7th.

Shares of Amazon.com, Inc. traded up 0.44% during mid-day trading on Wednesday, hitting $202.13. Amazon.com, Inc. has a 52 week low of $105.80 and a 52 week high of $206.39. The stock's 50-day moving average is $193. and its 200-day moving average is $183.4. The company has a market cap of $91.371 billion and a price-to-earnings ratio of 87.16.

Amazon.com, Inc. last announced its quarterly results on Tuesday, April 26th. The company reported $0.44 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.60 EPS by $0.16. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 38.30% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post $0.49 EPS next quarter.

Amazon.com, Inc. (Amazon.com) offers services to consumers, sellers, and developers through its retail Websites. It also manufactures and sells the Kindle e-reader. The Company offers programs that enable sellers to sell their products on its Websites and their own branded Websites. Amazon.com serves developers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable any type of business. In addition, the Company generates revenue through co-branded credit card agreements and other marketing and promotional services, such as online advertising. Amazon.com has organized its operations into two principal segments: North America and International. In February 2010, the Company acquired Touchco, a touch screen technology company.

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