Related AMZN The Market In 5 Minutes: Thursday, March 10, 2016 The Best ETF Since The Start Of The Bull Market Is… Box Benefits From IBM Deals; More To Come With Microsoft? (Investor’s Business Daily)
In a pair of new reports, Wall Street analysts weigh in on two important recent developments for Amazon.com, Inc. (NASDAQ: AMZN).
First, Pacific Crest analyst Edward Yruma discussed Amazon’s new fashion show
Style Code Live.” According to Yruma, the new show is an innovative approach to apparel marketing.
“We believe this move, coupled with a move into private label, highlights Amazon’s willingness to be innovative and to approach the category differently than with its traditional values of low cost and fast shipping,” he explained.
Pacific Crest has an Overweight rating on Amazon and an $800 price target for the stock.
Related Link: Rolfe: Berkshire Still Better Bet Than Small Caps
Bank of America analyst Justin Post instead chose to focus on Amazon’s air cargo news. This week, Air Transport Services Group Inc. (NASDAQ: ATSG) announced a deal with Amazon to operate an air cargo network for U.S. Amazon customers. Air Transport will be operating at least 20 planes on behalf of Amazon.
While bears could see the cargo operation as yet another massive expense for Amazon, Post believes investors should look past the initial costs.
“We are optimistic that the Street will see investments in fulfillment/logistics as positive steps toward building an even bigger competitive moat, with opportunity for incremental 3P shipping revs. in the future,” Post noted.
Bank of America has a Buy rating and $750 price target for Amazon.
Disclosure: The author holds no position in the stocks mentioned.
Image Credit: Public Domain
Latest Ratings for AMZN
| Mar 2016 | BMO Capital | Initiates Coverage on | Outperform | |
| Feb 2016 | Bernstein | Maintains | Outperform | |
| Feb 2016 | Canaccord Genuity | Upgrades | Hold | Buy |
View More Analyst Ratings for AMZN
View the Latest Analyst Ratings
Posted-In: Analyst Color Long Ideas News Contracts Events Markets Analyst Ratings Tech Best of Benzinga
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Related Articles (AMZN + ATSG) The Market In 5 Minutes: Thursday, March 10, 2016 The Best ETF Since The Start Of The Bull Market Is… How Has FANG Performed In The 7-Year Bull Market? Mid-Afternoon Market Update: Crude Oil Rises 3.5%; Zagg Shares Fall Following Weak Q4 Results The Market In 5 Minutes: Wednesday, March 9, 2016 Mid-Day Market Update: Blue Buffalo Pet Products Rises Following Strong Q4 Results; Ocean Rig UDW Shares Slide
View Comments and Join the Discussion! View the discussion thread.
Get Benzinga's Newsletters
Zing Talk: Benzingas Top Stories
Morning Market Primer
Weekly ETF Outlook
Weekly Options Outlook
Daily Ratings Summary
Technical Chart of the Day
Weekly Economic Outlook
Sign up for email alerts on AMZN
Trending Recent
| 1 | AAPL: Apple CFO Has 'No Confidence' In Company, Chowdhry Warns |
| 2 | LL: Whitney Tilson Shorts Lumber Liquidators Again, Says Co. Has 50% Chance Of… |
Leave a Reply
TOP Achieves Market Cap of $19.03 Million (TOP)
2021-09-22 12:35:17
tags:
TOP (CURRENCY:TOP) traded up 3.3% against the US dollar during the 1-day period ending at 22:00 PM E.T. on September 5th. One TOP coin can currently be bought for about $0.0035 or 0.00000007 BTC on popular exchanges. In the last seven days, TOP has traded 4.3% higher against the US dollar 
Dual Wins for Pfizer Mean Big Jumps for These 2 Stocks
2021-09-22 09:35:22
^IXIC,BNTX,MRNA,PFE,TRIL,
The stock market moved higher again on Monday morning, building on gains from Friday. Good news from Pfizer (NYSE:PFE) was encouraging to the broader market, as it inspired investors to believe they might be one step closer to the end of the COVID-19 pandemic. As of 11 a.m. EDT, the Dow Jones I 
Why Square Stock Jumped and Fell Off Today
2021-09-22 08:35:21
What happened,
Shares of fintech stock Square (NYSE:SQ) were up as much as 2.7% in trading on Tuesday after the company announced a big integration between the Square App and Cash App. Shares are down 0.2% with a few minutes left in trading, although that was largely driven by the market overall falling from b 
3 Healthcare Stocks That Might Skyrocket When COVID Is Over
2021-09-22 07:35:22
AXSM,LUNG,VRTX,
There's a bifurcation in healthcare: the companies that are fighting COVID-19, and the companies that are not. Many of the stocks of the former have zoomed higher. But others have seen delays in their business, and COVID-19 has hurt these stocks. Some of these companies are real bargains now. 
Katie Kihorany Jansen Sells 50,000 Shares of AppLovin Co. (NYSE:APP) Stock
2021-09-22 06:36:00
APP,
AppLovin Co. (NYSE:APP) CMO Katie Kihorany Jansen sold 50,000 shares of AppLovin stock in a transaction on Friday, August 20th. The stock was sold at an average price of $69.50, for a total transaction of $3,475,000.00. The transaction was disclosed in a legal filing with the SEC, which can be Why Should You Add Universal Health (UHS) to Your Portfolio?2021-09-15 05:35:20Exxon Mobil Looks Great Here, Especially With Its Robust Dividend Yield2021-09-15 04:35:39Here's Advertisement TopBuild (BLD) Stock Up 48% in a Year: More Upside Left?2021-09-13 17:36:12Po.et Trading 0.8% Higher Over Last 7 Days (POE)2021-09-13 11:35:18Lululemon Blows Through Its Earnings Targets2021-09-13 10:35:267 Best Green Energy Stocks to Buy2021-09-10 20:35:23This Growth Stock Has Market-Beating Potential2021-09-10 19:35:21ABM Industries (ABM) Beats on Q3 Earnings & Revenues, Ups View2021-09-10 13:35:46Watch List: Four Stocks Moving Right Now2021-09-10 10:35:37 |