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AMZN

Amazon.com

$1,801.20

-16.9 (-0.93%)

07:52
12/02/19
12/02
07:52
12/02/19
07:52

Wells Fargo says early read on holiday ecommerce data points 'a bit soft'

Wells Fargo analyst Brian Fitzgerald tells investors in a research note that the early read on holiday eCommerce data points "appears a bit soft," noting that Adobe Analytics, which tracks 80 of the top 100 U.S. online retailers, including Amazon, said reported sales tracked below Adobe's forecasts, with shortfalls on Thanksgiving Day and Black Friday. The analyst says he expects Amazon's holiday press release and third-party spend data to shed additional light on market share. The analyst, who maintains an Outperform rating and $2,300 price target on Amazon shares, lowered his 2020 GAAP EPS view to $27.20 from $28.66 and his 2021 GAAP EPS estimate to $39.65 from $40.39.

AMZN Amazon.com
$1,801.20

-16.9 (-0.93%)

11/26/19
CHRS
11/26/19
INITIATION
Target $1850
CHRS
Hold
Amazon.com initiated with a Hold at China Renaissance
China Renaissance analyst Ella Ji initiated coverage of Amazon.com with a Hold rating and $1,850 price target citing "fair valuation."
11/26/19
PIVT
11/26/19
NO CHANGE
Target $2100
PIVT
Buy
Pivotal cuts Amazon target to $2,100, says estimates 'stubbornly too high'
Pivotal Research analyst Michael Levine lowered his price target for Amazon.com to $2,100 from $2,500 while maintaining a Buy rating on the shares. The stock in late morning trading is up $17.21 to $1,791.05. Consensus estimates going into 2020 "remain stubbornly too high," Levine tells investors in a research note titled "The Best Company on the Planet (In Our View) May Not be the Best Stock on the Planet in 2020." In Q2 of 2020, Amazon will lap the "meaningful step down" in Web Services margins as well as the introduction of one-day shipping, "but it is not clear to us that the bounce back will be as strong as people expect," says the analyst. Further, he believes Q1 of 2020, the next catalyst along with Q4 earnings, "is clearly modeled too high."
11/27/19
GSCO
11/27/19
NO CHANGE
Target $2200
GSCO
Conviction Buy
Goldman says expectations for Amazon's AWS growth may prove overly conservative
Ahead of next week's annual re:Invent conference for Amazon Web Services developers, Goldman Sachs analyst Heath Terry noted that the rate of growth in AWS infrastructure investments has historically been indicative of future revenue growth and further pointed out that such infrastructure investment, as measured by equipment acquired under finance leases, has been accelerating the past two quarters. Given that, he thinks investor expectations for AWS' year-over-year growth to decelerate below 30% in FY20 "may prove overly conservative," Terry tells investors. The analyst, who suspects re:Invent could serve as a positive catalyst for Amazon shares, believes the stock should continue to outperform and keeps it on the firm's Conviction List with a Buy rating and $2,200 price target.
11/29/19
BARD
11/29/19
NO CHANGE
BARD
Outperform
Baird still sees 14%+ online spending growth over key holiday shopping season
Baird analyst Colin Sebastian said he remains comfortable with his holiday season e-commerce forecast, saying he still expects "solid" 14%+ online spending growth over the key holiday shopping season, with fewer days between Thanksgiving and Christmas likely benefiting Amazon (AMZN) and traditional retail. The analyst said that overall e-commerce volumes seem to be tracking in line through mid-day of Black Friday, while Thanksgiving Day sales, per Adobe data, were "slightly below" Amazon's forecast, with stronger 17% growth reported by Salesforce.com data. Global e-commerce volume growth is tracking at greater than or equal to 20%, Sebastian added. The analyst also noted that his proprietary tracking of Shopify (SHOP) volumes indicates holiday volumes are up roughly 60% year-over-year, above his total fourth quarter gross merchandise volume growth estimate of about 45%. Sebastian has an Outperform rating on Amazon, Shopify, Alibaba (BABA), eBay (EBAY), and PayPal (PYPL).

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EPZM

Epizyme

$18.22

2.9 (18.93%)

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PRNB

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FB

Facebook

$200.99

1.64 (0.82%)

, GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

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Alphabet Class A

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$1,341.23

12.23 (0.92%)

AAPL

Apple

$270.71

5.15 (1.94%)

AMZN

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$1,750.79

10.2 (0.59%)

SQ

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TWTR

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CSIQ

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SPWR

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0.15 (2.12%)

TSL

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$0.00

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YGE

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AKS

AK Steel

$3.24

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MT

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NUE

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STLD

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AA

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0.68 (3.41%)

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

09:27
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Conference/Events
JPMorgan enterprise software analyst to hold an analyst/industry conference call »

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CRVS

Corvus Pharmaceuticals

$4.26

-0.36 (-7.79%)

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KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:21
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ABBV

AbbVie

$86.97

0.3 (0.35%)

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    Dec

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

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SGMO

Sangamo

$11.65

0.05 (0.43%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

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SGMO

Sangamo

$11.65

0.05 (0.43%)

PFE

Pfizer

$38.29

0.26 (0.68%)

03/08/13
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VSTM

Verastem

$1.31

0.055 (4.38%)

09:12
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Verastem announces 62% response rate for duvelisib in T-cell lymphoma »

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  • 07

    Dec

RHHBY

Roche

$0.00

(0.00%)

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XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

, BMRN

BioMarin

$79.90

-0.18 (-0.22%)

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XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

BMRN

BioMarin

$79.90

-0.18 (-0.22%)

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CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

, AKS

AK Steel

$3.24

0.065 (2.05%)

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CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

AKS

AK Steel

$3.24

0.065 (2.05%)

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M

Macy's

$15.15

0.04 (0.26%)

08:53
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COF

Capital One

$101.39

1.8 (1.81%)

08:43
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EXPE

Expedia

$107.58

1.9 (1.80%)

08:26
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Expedia shares still a buy despite management changes, Barron's says »

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DAR

Darling Ingredients

$24.05

0.39 (1.65%)

, CODI

Compass Diversified

$23.88

0.45 (1.92%)

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DAR

Darling Ingredients

$24.05

0.39 (1.65%)

CODI

Compass Diversified

$23.88

0.45 (1.92%)

QLYS

Qualys

$85.37

-0.37 (-0.43%)

LECO

Lincoln Electric

$92.52

0.69 (0.75%)

HASI

Hannon Armstrong

$29.50

0.24 (0.82%)

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CBMG

Cellular Biomedicine

$17.56

0.18 (1.04%)

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AXLA

Axcella

$3.63

-0.83 (-18.61%)

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AZN

AstraZeneca

$47.68

0.06 (0.13%)

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ABBV

AbbVie

$86.97

0.3 (0.35%)

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ABBV

AbbVie

$86.97

0.3 (0.35%)

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JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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XBIT

XBiotech

$11.11

0.1 (0.91%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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XBiotech

$11.11

0.1 (0.91%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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