Entry level $1780 above fib resistance
Target price $1910 Golden pocket
Stop loss $1760 limited downside risk
Bullish cross on 7 & 12 ma's imminent.
Bullish divergences evident.
Price targets rising with upgrades.
Amazon.com analyst commentary at Credit Suisse Amazon.com price target raised to $2,400 from $2,225 at Credit Suisse. Credit Suisse analyst Stephen Ju raised his price target for Amazon to $2,400 from $2,225 ahead of quarterly results. The analyst reiterates an Outperform rating on the shares given e-commerce segment operating margin expansion as it grows into its larger infrastructure, optionality for faster-than-expected free cash flow growth vis-a-vis its advertising segment, and upward bias to AWS revenue forecasts and likely more moderate deceleration path as suggested by ongoing capital intensity in the business. Source thefly.com
Target price $1910 Golden pocket
Stop loss $1760 limited downside risk
Bullish cross on 7 & 12 ma's imminent.
Bullish divergences evident.
Price targets rising with upgrades.
Amazon.com analyst commentary at Credit Suisse Amazon.com price target raised to $2,400 from $2,225 at Credit Suisse. Credit Suisse analyst Stephen Ju raised his price target for Amazon to $2,400 from $2,225 ahead of quarterly results. The analyst reiterates an Outperform rating on the shares given e-commerce segment operating margin expansion as it grows into its larger infrastructure, optionality for faster-than-expected free cash flow growth vis-a-vis its advertising segment, and upward bias to AWS revenue forecasts and likely more moderate deceleration path as suggested by ongoing capital intensity in the business. Source thefly.com