Scotiabank raised the firm’s price target on Amazon.com (AMZN) to $246 from $245 and keeps an Outperform rating on the shares. It was “a business as usual quarter” for the company, with revenue, operating income, and EPS beating consensus while AWS was in-line, the analyst tells investors. Overall, the firm believes this quarter was another small win for Amazon.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon.com price target raised to $260 from $251 at Maxim
- Amazon price target raised to $215 from $200 at Benchmark
- Amazon.com price target raised to $236 from $221 at Rosenblatt
- Amazon.com price target raised to $240 from $230 at TD Cowen
- Amazon.com price target raised to $230 from $220 at Susquehanna