Platinum Swing Trade Alerts

The 10-Buck Broker (Long-Term Stock Picks)

Announcement

Collapse
No announcement yet.

Amazon shares hit a record, Canaccord calls it "the most robust among the FANG stocks

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Amazon shares hit a record, Canaccord calls it "the most robust among the FANG stocks

    canaccord genuity named amazon king of the most revered tech stocks, while raising its price target on the e-commerce giant.

    The stock rose to a record on thursday following the note, up 1 percent on the day.

    "amazon's rapidly growing scale of investment is strengthening long-term competitive barriers, and this includes a robust outlook for prime subscription growth," canaccord analysts michael graham and austin moldow wrote in a note thursday.

    "we continue to see amazon as having the most robust and durable growth outlook in the group" known as fang, canaccord said, referring to facebook, amazon, netflix and google-parent alphabet.

    Amazon shares closed wednesday trading at $1,755 per share, up 50 percent this year. Canaccord bumped its price target to $2,000 per share from $1,800 per share, as the firm expects jeff bezos' company to report stronger revenue than canaccord previously estimated.

    "we think our revenue estimate of 38 percent could end up being conservative. This would be a 4.5 point sequential deceleration after five quarters of acceleration," the analysts wrote.

    Amazon is expected to report quarterly earnings on july 26.
    - cnbc
    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)


    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!


    Best FOREX Signals Software

    Stock Market Investing For Beginners


    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA
Working...
X