Baird: Lack Of Peak Day Data From Amazon A Concern
Amazon.com, Inc. (NASDAQ: AMZN) reported that 10 million new members tried Amazon Prime over the holidays.
Baird analyst Colin Sebastian felt that a lack of peak day data from Amazon was a concern. Sebastian saw e-commerce sales inline with Baird’s estimated growth of 13 percent to 14 percent.
Sebastian noted that early data pointed to Amazon, eBay Inc (NASDAQ: EBAY) and Google Inc (NASDAQ: GOOG) underperforming the broader online market.
The firm rated Amazon at Outperform and with a $340 price target.
Amazon recently traded at $309.34, up 2 percent.
Latest Ratings for AMZN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Deutsche Bank | Initiates Coverage On | Buy | |
| Feb 2022 | Tigress Financial | Maintains | Buy | |
| Feb 2022 | Credit Suisse | Maintains | Outperform |
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Posted-In: Amazon Prime Baird Colin SebastianAnalyst Color Analyst Ratings
