Amazon.com, Inc. AMZN reported better-than-expected results for its first quarter.
Amazon reported first-quarter revenue of $127.4 billion, up 9% year-over-year. The revenue total came in ahead of a Street consensus estimate of $124.53 billion. The company reported earnings per share of 35 cents in the first quarter, beating a Street estimate of 21 cents.
Amazon.com shares gained 4.6% to close at $109.82 on Thursday, but lost 3.2% in pre-market trading.
These analysts made changes to their price targets on Amazon.com following earnings announcement.
- JP Morgan boosted the price target on Amazon.com from $135 to $145. JP Morgan analyst Doug Anmuth maintained an Overweight rating.
- Wolfe Research raised the price target on Amazon.com from $130 to $140. Wolfe Research analyst Deepak Mathivanan maintained an Outperform rating
- Baird lifted the Amazon.com price target from $125 to $130. Baird analyst Colin Sebastian maintained an Outperform rating on the stock.
- Rosenblatt increased the price target on Amazon.com from $106 to $111. Rosenblatt analyst Barton Crockett maintained the stock with a Neutral.
- B of A Securities boosted price target on Amazon.com from $135 to $139. B of A Securities analyst Justin Post maintained a Buy rating on the stock.
- Goldman Sachs raised price target on Amazon.com from $145 to $165. Goldman Sachs analyst Eric Sheridan maintained the stock with a Buy.
Now Read This: Fear & Greed Index Moves To 'Greed' Zone After Dow Jumps Over 500 Points
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.