Amazon.com, Inc. (AMZN) Target Price Raised To $720 At Mizuho Securities

Amazon.com (AMZN – Get Report) stock is rising 6.64% to $601.34 in mid-morning trading after the ecommerce company reported 2015 third quarter financial results yesterday afternoon that beat estimates. Piper Jaffray reaffirmed a “buy” rating and issued a $650.00 target price on shares of Amazon.com in a research report on Monday. Also, Director Thomas O. Ryder sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th.

In a report released today, Ross Sandler from Deutsche Bank reiterated a Buy rating on Amazon (NASDAQ: AMZN), with a price target of $725.

AMZN shares traded close to $55, or more than 9 percent, higher in heavy after-hours trading. The disclosure for this sale can be found here.

For the holiday shopping quarter, the e-commerce giant has forecasted sales growth in the range of 14-25 percent, or $33.50 billion-$36.75 billion. During the same period in the prior year, the company earned ($0.95) EPS. Currently, Amazon has an average volume of 4.26M. Amazon.com has an average rating of Buy and a consensus price target of $656.86. Evercore ISI cut Amazon.com from a “buy” rating to a “hold” rating and boosted their price target for the stock from $440.00 to $460.00 in a report on Thursday, June 25th.

The consensus estimates imply that the online retailer’s loss per share will narrow about 88% and revenue to soar 20.99% over the year in the quarter. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and AT&T Inc. Barclays reissued a buy rating on shares of Amazon.com in a research note on Friday. Zacks estimates can slightly differ from Thomson Reuters estimates as the same brokers are not always weighed into Zacks consensus numbers. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. The 12-month consensus target price is $701.31. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The company doesn’t give EPS guidance, but analysts expect per-share profit to more than triple to $1.58. The 52-week high of the share price is $580.57 and the 52-week low is $284. The stock’s market capitalization is $280.17 billion.

Amazon.com, Inc. (NASDAQ:AMZN) said that its Amazon Aurora, which became available in July, has witnessed the fastest growth in the AWS history. It designs its Websites to enable the V by third parties to sells products across various product groups. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. Additionally, it makes and sells electronic devices, including Kindle e readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and global. The worldwide segment centers on the operations of the Company’s. It functions independent publishers and authors with Kindle Direct Publishing.