Skip to main content

Posts

Showing posts with the label upgrades

Amazon shares could rally near 26 percent after earnings beat, analysts say after bullish upgrades

Amazon.com founder and CEO Jeff Bezos Amazon's stock received a slew of upgrades from Wall Street analysts on Friday after delivering market-beating earnings. On Thursday, the e-commerce giant reported fourth quarter revenues that beat expectations with the Amazon Web Services (AWS) cloud division helping to propel numbers. Amazon shares closed at $1,390 on Thursday, but after hours shares popped over 5 percent. A number of analysts raised their price target for Amazon shares. Here are some of the biggest moves: Morgan Stanley raised its target to $1,500 from $1,400 Barclays upped its price target to $1,580 from $1,210 Credit Suisse raised its price target to $1,750 from $1,410 Mizuho raised its price target to $1,700 from $1,300 J.P. Morgan raised its price target to $1,650 from $1,385 Bank of America Merrill Lynch raised its price target to $1,650 from $1,460. Amazon forecast that its operating income for the fir...