Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
Jul 27, 2020
Amazon (AMZN, $3,038.10) gets price target hikes

Amazon (AMZN, $3,038.10) gets price target hikes

Amazon.com  got price target hikes from several analysts.

The coronavirus pandemic has boosted the company’s performance, as consumers stuck at home are doing their shopping online.

Bank of America boosted its price target on the e-commerce company’s shares to $3,280 from $3,000. Wells Fargo hiked its target to $3,600 from $3,000.

Wedbush increased the target to  $3,500 from $3,050. “Covid-19 and the stay-at-home response for many consumers should result in substantial revenue upside in Q2, with the company’s burgeoning grocery business likely a key driver,” Wedbush analyst Michael Pachter wrote.

Pachter  further wrote, “despite our optimism on top-line performance in Q2, we need to see the profitability trends and operating leverage (if any) highlighted in Q2 results and Q3 guidance (and potentially beyond) before we adjust our EBITDA estimates for future periods”.

Accoridng to Tickeron, AMZN  is in Downtrend: its price expected to drop as it breaks its higher Bollinger Band on July 09, 2020

This price move signals that AMZN may fall back below the higher band and head toward the middle band. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 19 of 45 cases where AMZN's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 42%.

Current price $3037.05 is above $2680.38 the highest resistance line found by A.I. Throughout the month of 06/23/20 - 07/24/20, the price experienced a +9% Uptrend. During the week of 07/17/20 - 07/24/20, the stock enjoyed a +2% Uptrend growth.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 21 of 54 cases where AMZN's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 39%.

The Momentum Indicator moved below the 0 level on July 23, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 32 of 80 cases where AMZN's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 40%.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 19 of 47 cases where AMZN's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 40%.

Bullish Trend Analysis

The Stochastic Indicator is in the oversold zone -- be on the watch for AMZN's price rising or consolidating in the future. At that time, consider buying the ticker or exploring call options.

The Aroon Indicator entered an Uptrend today. In 225 of 340 similar cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 66%.

Fundamental Analysis (Ratings)

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.1.

The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (23.00) is normal, around the industry mean (6.18). AMZN's P/E Ratio (143.73) is considerably higher than the industry average of (37.54). AMZN's Projected Growth (PEG Ratio) (5.90) is very high in comparison to the industry average of (1.63). Dividend Yield (0.00) settles around the average of (0.09) among similar stocks. P/S Ratio (3.33) is also within normal values, averaging (2.58).

The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is 4 (best 1 - 100 worst), indicating outstanding price growth. AMZN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 3 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

Related Tickers: AMZN
Related Portfolios: TECHNOLOGY ETFs
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

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John Jacques
published in Blogs
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published in Blogs
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Alla Petriaieva
published in Blogs
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published in Blogs
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Abhoy Sarkar
published in Blogs
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published in Blogs
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Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
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