Is Amazon.com, Inc. (AMZN) a BUY?

Amazon.com, Inc. (NASDAQ:AMZN) is a Seattle, Washington based American international electronic commerce website, as well as the largest online retailer in the world. The e-commerce website released their second quarter report on July 24th of this year and their results were very close to analysts’ expectations.  As a result, a handful of top ranked analysts’ maintained a long-term bullish outlook for Amazon, however they also lowered share price targets.

During their Q2 results, Amazon.com, Inc. (NASDAQ:AMZN) reported -$0.24 earnings per share, missing analysts’ consensus estimate of -$0.14 by $0.10. During the same quarter last year, the company posted -$0.02 earnings per share. Amazon had revenue of $19.34 billion for the quarter, compared to analysts’ consensus estimate of $19.32 billion. The website’s quarterly proceeds were up 23.2% on a year-over-year basis. On average, analysts’ expect that Amazon will post $1.05 earnings per share for the current fiscal year.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $317 on Friday, July 25. The website has a 1-year high of $408.06 and a 1-year low of $279.33. The stock’s daily moving average is $319.82 and has a 50-day moving average of $336.30. The market cap for Amazon is $149.1 billion and its P/E ratio is 505.48.

Here are all the ideas presented at the 2020 Robin Hood Investors Conference

2020 Robin Hood Investors ConferenceAs usual, the Robin Hood Investors Conference has brought several new investment ideas from some of the top minds in the wealth management business. Investors heard from Sachem Head's Barnes Hauptfuhrer, One Tusk Investment Partners' Vivian Lau, Lone Pine's Mala Gaonkar, Lakewood Capital's Anthony Bozza, CAS Investment Partners' Clifford Sosin, Teca Capital's Fernando Vigil and Read More


On July 25, Cantor Fitzgerald analyst Youssef Squali maintained a BUY rating for Amazon.com, Inc. (NASDAQ:AMZN), but lowered his price target from $425 to $400. He noted, “[The company’s] operating income outlook of ($810)-($410) M is materially below consensus of ($8) M, reflecting 1) the impact from ongoing investments (including six new FCs and 15 sortation centers). 2) $100M+ for the production of video originals, 3) internal expansion, and 4) the negative impact of pricing cuts at AWS.” Squali has a +29.3% average return on all stocks and a 75% success rate in making recommendations. He also has a +14.1% average return on Amazon stock and is ranked 5 out of 3227 analysts on TipRanks.

Topeka Capital Market’s analyst Victor Anthony also reiterated a BUY for Amazon on July 25 and lowered his price target from $430 to $395. He reasoned, “This was generally an ok quarter. However, guidance for a 3Q14 operating loss of between $410mm-$810mm was significantly higher than we had anticipated.” Anthony has a +20.8% average return on all stocks and a 72% success rate in making recommendations. He also has a +4.8% average return on Amazon.com, Inc. (NASDAQ:AMZN) recommendations and is ranked 44 out of 3227 analysts on TipRanks.

Also on July 25, RBC Capital analyst Mark Mahaney maintained a BUY rating for Amazon and lowered his price target from $400 to $380. He explained, “We highly doubt that all these investments won’t pay off in the form of eventual revenue growth reacceleration and eventual margin expansion.” Mahaney has a +26.6% average return on all stocks and a 70% success rate in making recommendations. He also has a +20.0% average return on Amazon and is ranked 3 out of 3227 analysts on TipRanks.

On average, top analysts’ consensus of Amazon.com is MODERATE BUY. ?

To see all Amazon.com, Inc. (NASDAQ:AMZN) recommendation, visit TipRanks today!