Amazon price target raised to $260 from $240 at Evercore ISI
The Fly

Amazon price target raised to $260 from $240 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the firm’s price target on Amazon.com (AMZN) to $260 from $240 and keeps an Outperform rating on the shares. Following what the firm calls “Beat and Raise Q3 EPS results,” it says that “VERY Positive Profitability was THE Key highlight from Q3.” AWS and international retail both saw record high operating margins and North America retail margins reached their second highest level in five years, notes the analyst, who raised estimates following last night’s report.

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