Barclays Capital (NYSE: BCS) decreased their price target on shares of Amazon.com (NASDAQ: AMZN) from $225.00 to $190.00 in a research note issued on Wednesday. They currently have an “equal weight” rating on the company’s shares.
Separately, analysts at RBC Capital (NYSE: RY) cut their price target on shares of Amazon.com from $240.00 to $205.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Amazon.com in a research note to investors on Wednesday. They now have a $210.00 price target on the stock. Also, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Amazon.com in a research note to investors on Wednesday.
Amazon.com, Inc. (Amazon.com) is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. In addition, the Company generates revenue through other marketing and promotional services, such as online advertising, and co-branded credit card agreements. The Company operates in two segments: North America and International. The Company serves consumers through its retail Websites, and focus on selection, price, and convenience. It designs its Websites to enable products to be sold by it and by third parties across dozens of product categories. It also manufactures and sells the Kindle e-reader. It offers customers membership in Amazon Prime. It also provides easy-to-use functionality, fulfillment and customer service. In February 2010, the Company acquired Touchco, a touch screen technology company.
Amazon.com traded down 7.67% on Wednesday, hitting $179.5294. Amazon.com has a 1-year low of $160.59 and a 1-year high of $246.71. The stock has a 50-day moving average of $182.2 and a 200-day moving average of $205.0. The company has a market cap of $81.642 billion and a price-to-earnings ratio of 102.50.
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