Amazon: Credit Suisse raises estimates and target price
(CercleFinance.com) - Credit Suisse raised its earnings forecasts on Amazon this Friday, saying that the e-commerce giant has now entered a "relative harvest cycle.
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The US broker - which has an "outperform" rating on the share - said that all reporting revenue lines showed outperformance, with a particularly strong performance in advertising, as the business helped to drive the beat vs. high-end guidance.
As a result, Credit Suisse has raised its target price for the share from 1800 dollars to 1950 dollars, with the broker increasing its media subscription, advertising, and AWS revenue estimates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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The US broker - which has an "outperform" rating on the share - said that all reporting revenue lines showed outperformance, with a particularly strong performance in advertising, as the business helped to drive the beat vs. high-end guidance.
As a result, Credit Suisse has raised its target price for the share from 1800 dollars to 1950 dollars, with the broker increasing its media subscription, advertising, and AWS revenue estimates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.