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AMZN

Amazon.com

$834.03

-2.71 (-0.32%)

08:34
10/05/16
10/05
08:34
10/05/16
08:34

Amazon.com price target raised to $950 from $800 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised Amazon.com's price target to $950 from $800 to reflect the continued ramp in Prime subscribers. The analyst said Amazon's Prime subscribers are now at 60M members and he expects Prime subscriber spending to be approximately 4.5X that of non-Prime users. Nowak raised his 2017 CSOI estimate by 4% to $530M to reflect a larger gross profit pool that more than offsets higher streaming content costs and a large expected fulfillment build in 2017. The analyst recommends buying Amazon on any investor sentiment swings due to potential below Street Q1 2017 guidance in January and maintains his Overweight rating.

  • 23

    Oct

  • 02

    Nov

AMZN Amazon.com
$834.03

-2.71 (-0.32%)

09/30/16
GUGG
09/30/16
INITIATION
Target $950
GUGG
Buy
Amazon.com initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Amazon.com with a Buy and a $950 price target as he expects the company to remain both a leader and beneficiary of the ongoing e-commerce consumer spending evolution. He expects Amazon to claim ~25% of the domestic e-commerce market by 2017, but just 3% of the total retail market. Further, Drbul expects AWS to remain a key profit and share driver and is encouraged by improved results in in International.
09/30/16
09/30/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Guggenheim. 2. Wal-Mart (WMT) initiated with an Overweight at KeyBanc and a Buy at Guggenheim. 3. Harley-Davidson (HOG) initiated with a Hold at Jefferies. 4. Coach (COH) was initiated with a Buy at Guggenheim while the firm initiated Michael Kors (KORS) with a Neutral. 5. First Solar (FSLR) initiated with a Buy at Williams Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
BARD
10/03/16
NO CHANGE
BARD
Baird says impact on eBay from Facebook's Marketplace likely limited for now
Baird analyst Colin Sebastian said Facebook's (FB) launch of its long-anticipated peer-to-peer commerce platform, "Marketplace," came "much later" than he anticipated, but he still thinks Facebook is well positioned to compete in consumer shopping. Facebook's latest e-commerce effort will create headlines around competitive pressure, but Sebastian thinks Amazon (AMZN) and eBay (EBAY) will be "minimally impacted" in the near term given their scale, brand awareness, and much more advanced e-commerce capabilities. eBay may be most exposed, but the analyst also notes that 80% of its listings are new products, which may have limited overlap with Facebook listings.
10/04/16
PIPR
10/04/16
NO CHANGE
Target $900
PIPR
Overweight
Amazon.com unit growth tracking better than expectations, says Piper Jaffray
Piper Jaffray analyst Gene Munster says his firm's analysis of Google search trends indicates Amazon.com's unit growth is tracking up 25%-27% in the September quarter versus expectations of 23%-26%. Munster estimates that the overall global e-commerce market growth is approximately 15%, which he believes suggests that Amazon is gaining "material market share." The analyst continues to view Amazon as the best positioned stock in his coverage universe over the next five years. He maintains an Overweight rating on the shares with a $900 price target.

TODAY'S FREE FLY STORIES

KTOV

Kitov Pharmaceuticals

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UNCFF

UniCredit

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0.28 (12.79%)

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ARIA

ARIAD

$13.69

0.41 (3.09%)

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OCLR

Oclaro

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-0.05 (-0.60%)

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SBUX

Starbucks

$57.44

-0.06 (-0.10%)

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  • 07

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WDC

Western Digital

$63.85

1.76 (2.83%)

, SQ

Square

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WDC

Western Digital

$63.85

1.76 (2.83%)

SQ

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AAPL

Apple

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0.84 (0.77%)

PLAY

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VRA

Vera Bradley

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ANTH

Anthera

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-0.03 (-2.00%)

SIGM

Sigma Designs

$7.75

0.1 (1.31%)

SSNLF

Samsung

AVAV

AeroVironment

$29.34

0.76 (2.66%)

OXM

Oxford Industries

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WDAY

Workday

09:23
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09:23
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  • 07

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AAPL

Apple

$109.95

0.84 (0.77%)

, GOOG

Alphabet

$759.11

-3.41 (-0.45%)

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AAPL

Apple

$109.95

0.84 (0.77%)

GOOG

Alphabet

$759.11

-3.41 (-0.45%)

GOOGL

Alphabet Class A

$776.18

-2.04 (-0.26%)

MSFT

Microsoft

$59.95

-0.27 (-0.45%)

03/08/13
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AZO

AutoZone

09:20
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  • 14

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AAPL

Apple

$109.95

0.84 (0.77%)

09:18
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12/07
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09:18
Downgrade
Apple rating change  »

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  • 13

    Mar

SBUX

Starbucks

$57.44

-0.06 (-0.10%)

09:18
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Starbucks says five-year goal is to 'elevate the brand' »

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  • 07

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NBR

Nabors Industries

09:16
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09:16
Downgrade
Nabors Industries rating change  »

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FIT

Fitbit

09:16
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  • 08

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AVAV

AeroVironment

$29.34

0.76 (2.66%)

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CLB

Core Laboratories

09:13
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  • 07

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ETFC

E-Trade

$35.52

0.31 (0.88%)

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  • 07

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SBUX

Starbucks

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  • 07

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S

Sprint

$8.17

0.12 (1.49%)

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  • 07

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RES

RPC, Inc.

$21.39

-0.24 (-1.11%)

09:08
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Downgrade
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09:07
12/07/16
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HBAN

Huntington Bancshares

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0.19 (1.46%)

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  • 07

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OCRX

Ocera Therapeutics

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0.1 (4.44%)

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SIGM

Sigma Designs

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0.1 (1.31%)

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  • 14

    Dec

SLM

Sallie Mae

$10.78

0.23 (2.18%)

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