New York: Amazon (NASDAQ:AMZN) Stock Has Just Had Its “Overweight” Rating Reiterated by Barclays. Shares now Have a $850.0 Target

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Amazon (NASDAQ:AMZN) Rating Reaffirmed

The financial firm has just set a target of $850.0 on Amazon (NASDAQ:AMZN) shares. This is 27.86% from the last stock close price. In an analyst research report revealed on Tuesday morning, Barclays has decided to restate their “Overweight” rating on shares of AMZN.

From a total of 38 analysts covering Amazon.com (NASDAQ:AMZN) stock, 36 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $800 while the lowest target price is $490. The mean of all analyst targets is $726.82 with a 5.25% above today’s ($679) stock price. Amazon.com was the topic of 55 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 1 with “Overweight” rating. Canaccord Genuity maintained shares with “Hold” rating and $600 target share price in a report from an October 23. Axiom Capital maintained AMZN stock in a recent report from October 27 with “Buy” rating. Monness Crespi & Hardt maintained the rating on October 23. Monness Crespi & Hardt has a “Buy” rating and a $705 price target on shares. Finally, Benchmark maintained the stock with “Buy” rating in a report issued on an October 23.

Approximately 2.92 million shares of stock traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 54.85% since April 28, 2015 and is uptrending. It has outperformed by 56.48% the S&P500.

Amazon.com, Inc. is an e-commerce company. The company has a market cap of $322.34 billion. The Firm sells a range of services and products through its Websites. It has 984.97 P/E ratio. 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.

According to Zacks Investment Research, “Amazon.com, Inc. seeks to be the world’s most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.” Get a free copy of the Zacks research report on Amazon.com, Inc. (AMZN)

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