Amazon Price Target Raised To $100 - Deutsche Securities
Amazon.com, Inc. Price Target Raised To $100; Shares Soar
Wednesday, July 25, 2007; Posted: 09:25 AM
Shares of online retailer Amazon.com, Inc. (AMZN) soared 23% to $85.17 in Wednesday's pre-market session. The company reported second-quarter earnings of $78 million ($0.19 EPS) versus $22 million ($0.05 EPS) in the same period last year. This brought in a frenzy of buyers in yesterday's after hours trading session.
An analyst at Deutsche Securities raised Amazon.com's 52-week price target to $100 from a previous estimate of $80 per share