Following recent $1,000+ target raises at RBC Capital Markets and Evercore ISI.
Analyst Doug Anmuth: “We believe Amazon continues to show strong ability to take share of overall eCommerce, and its flexibility in pushing first-party versus third party inventory is a major advantage compared with other retailers.” Further: “Our price target is based on a sum-of-the-parts analysis as we believe this methodology appropriately attributes value to the company’s large, fast-growing and surprisingly profitable …Amazon Web Services segment, which Amazon continues to invest in.”
J.P Morgan previously held an Amazon (AMZN +1.8%) target of $925 (current price $813.68).
Seeking Alpha (28 Sept)
