Deutsche Bank is maintaining its Buy rating on shares of Amazon AMZN “given the company's fundamental strength in e-commerce globally, and potential growth drivers in Kindle/digital and AWS.”
“While little is known on the exact business impact from recent events in Japan, we are nevertheless adjusting our 2Q estimates (little impact in 1Q),” Deutsche Bank writes. “We est. Japan represents 12% of revs (or $5.3bn in '11 revs). We have adjusted our 2Q ests by $200mn in revs and $0.08 in EPS. Our unit growth est is now 30% vs. 33% previously. No change to $192 price target.”
Amazon closed Tuesday at $185.29.
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