On Monday, Amazon.com shares got price target hikes from RBC Capital Markets and Baird analysts. As the e-commerce behemoth experienced solid consumer demand during the covid-19 lockdown.
RBC analysts raised their share-price target to $3,300 from $2,700. They kept their outperform rating unchanged. RBC’s U.S. online shopping survey revealed that 64% of Amazon customers make at least two purchases per month, higher than 54% a year earlier.
Baird analysts boosted their share price target to $2,750 from $2,550. They maintained outperform rating on the stock. Baird cited “generally strong” e-commerce data through May, as well as “positive Amazon-specific checks”, as factors behind their raise in Q2 revenue and operating income estimates above consensus. “Amazon has reopened warehouses to third-party inventory, resumed selling products in non-essential categories, and in late April, restarted advertising on some large platforms such as Facebook,” Baird wrote.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In 205 of 327 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 63%.
Bearish Trend Analysis
The Stochastic Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 20 of 47 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 43%.
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 59%. During the last month, the daily ratio of advancing to declining volumes was 1.98 to 1.
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 78, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 7 (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 PE Growth Rating for this company is 16 (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 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 Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 98 (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: AMZN's P/B Ratio (18.98) is slightly higher than the industry average of (3.81). AMZN's P/E Ratio (118.61) is considerably higher than the industry average of (38.29). AMZN's Projected Growth (PEG Ratio) (5.90) is very high in comparison to the industry average of (1.67). Dividend Yield (0.00) settles around the average of (0.10) among similar stocks. P/S Ratio (3.33) is also within normal values, averaging (2.49).