tiprankstipranks
Amazon.com price target raised to $232 from $225 at Deutsche Bank
The Fly

Amazon.com price target raised to $232 from $225 at Deutsche Bank

Deutsche Bank analyst Lee Horowitz raised the firm’s price target on Amazon.com (AMZN) to $232 from $225 and keeps a Buy rating on the shares post the Q3 report. With investor concerns around a softer Q4 operating income guide from Amazon well-articulated heading into Q3 earnings, the company surpassed profitability expectations with the low end of the Q4 guide of $16bB around where investors thought the high end could come in, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App