In a report published Wednesday, ISI Group reiterated its Buy rating on Amazon.com AMZN.
ISI Group noted, “4Q EPS of $0.21 was below the Street's $0.28 and revenue growth decelerated to 22% (23% excl. FX). Yet operating margins increased 54bps YoY, driven by a 350bps increase in gross margins. Despite the deceleration in revenues, the improvement in gross margins pushed the stock higher after markets. The mid-point of the company's sales guidance for Q1 suggests a similar growth rate to Q4. Amazon is changing the way we shop, and already accounts for 2% share of U.S. retail sales. Mobile Commerce is accelerating eCommerce and AMZN is the clear way to invest in the trend.”
Amazon.com closed on Tuesday at $260.35.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in