Amazon.com, Inc. (AMZN) was reiterated a ‘Buy’ by Nomura analysts on Wednesday. The broker also raised its price target on the stock to $850 from $700.
Amazon.com Inc. shares are currently priced at 945.34x this year’s forecasted earnings, which makes them expensive compared to the industry’s 18.63x earnings multiple. Ticker has a forward P/E of 117.48 and t-12 price-to-sales ratio of 3.16. EPS for the same period is $0.70.
In the past 52 weeks, shares of Seattle, Washington-based e-commerce giant have traded between a low of $285.25 and a high of $684.82 and are now at $659.85.
Shares are up 120.89% year-over-year and 118.25% year-to-date.
Analysts at Nomura upgraded their rating on the shares of Maxim Integrated Products, Inc. (MXIM). In a research note published on Wednesday, the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating
Currently there are 11 analysts that rate MXIM a ‘Buy’, 15 rate it a ‘Hold’. One analyst rates it a ‘Sell’. MXIM has a median Wall Street price target of $38.63 with a high target of $45.
Yahoo! Inc. (YHOO) was reiterated as ‘Outperform’ with a $44 from $39 price target on Wednesday by FBR Capital.
This morning, Yahoo issued a press release stating that it would not move forward with a spin-off of its stake in Alibaba Group (BABA), and that it would evaluate alternative transaction structures.
AutoZone, Inc. (AZO) rating of ‘Neutral’ was reiterated today at UBS with a price target increase of $825 from $750 (versus a $796.09 previous close).
Vera Bradley, Inc. (VRA) – The name was reiterated with a ‘Buy’ and $18 target at Standpoint Research.
VRA shares recently gained $4.33 to $16.02. The stock is down 46.55% year-over-year and has lost roughly 43% year-to-date. In the past 52 weeks, shares of Fort Wayne, Indiana-based company have traded between a low of $9.21 and a high of $23.44.
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