In a report published Thursday, Maxim Group analysts initiated coverage on Amazon stock with a ‘Buy’ rating and price target of $825 per share, which represents an expected 16% upside to the stock’s Wednesday closing price. The firm’s analysts note the e-commerce giant is disrupting the retail and technology sectors at an accelerating rate, and they believe its sphere of influence will only grow as Amazon’s march toward retail hegemony continues. Maxim Group projects Amazon’s sales from its cloud computing effort to expand at a 45.3% compound annual growth rate from 2015 to 2018.
Valuation Metrics
Amazon.com, Inc. (AMZN) shares have a PEG and forward P/E ratio of 2.72 and 71.56, respectively. Price/sales for the same period is 2.98 while EPS is $2.43. Currently there are 33 analysts that rate AMZN a ‘Buy’, 5 rate it a ‘Hold’. No analyst rates it a ‘Sell’. Amazon has a median Street price target of $800 with a high target of $1,000.00.
In the past 52 weeks, shares of Seattle, Washington-based company have traded between a low of $425.57 and a high of $731.50 and are now at $716.88.
Shares are up 59.33% year-over-year and 5.14% year-to-date.
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