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Amazon's stock surges toward 2nd-straight record close after BofA boosts price target to $3,000

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tacobell fan

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Shares of Amazon.com Inc. AMZN, 3.13% hiked up 1.1% toward a record close, in the face of a broader stock market selloff, after BofA Securities analyst Justin Post boosted his price target by 15% to $3,000, citing "several data points" suggesting second-quarter results will beat current Wall Street expectations. "Since Amazon reported on 4/30, data points from BAC aggregated credit and debit card data, positive read-throughs from competing e-commerce marketplaces, and normalization of Amazon's operations suggest 2Q upside," Post wrote in a note to clients. He reiterated his buy rating and raised his price target to $3,000 from $2,600, which ties him with three other analysts for the second-highest price target for the 48 analysts surveyed by FactSet. The highest target is RBC Capital's Mark Mahaney's at $3,300. Post said data suggests overall e-commerce growth improved to 83% in May from 73% in April. He indicated that Amazon's build-out of its fulfillment network, as the company recently hired 175,000 employees, is encouraging as historically, fulfillment builds preceded acceleration in unit growth. Amazon's stock, which is on track for a second-straight record close despite a 1.0% drop in the S&P 500 SPX, -0.66%, has soared 41.8% over the past three months, while the S&P 500 has gained 16.6%.

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mettastar
mettastar

moosi lo kuda great white sharks dorukuthunnayi vuncle ki 

sri_india
sri_india

FB ki kooda boosting icharu to $300 to make @Vaampire more rich  

Vaampire
Vaampire

March lo neeku cheppina kada moosi lo fishing chesthunna Ani. OAS 0.5 ki koni 1.25 ki konni 2.1 ki konni unloaded Eroju Xela 0.48 ki koni half 0.78 ki unload  

Spartan PRODUCER

Spartan

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Just now, dkchinnari said:

8k worth...vammo..sitti uncle entha pettav motham..40k?

motham endi...

400$ each ante...20 share laki 8K ne ga...

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dkchinnari LEGEND

dkchinnari

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Just now, Spartan said:

motham endi...

400$ each ante...20 share laki 8K ne ga...

total portfoilio  asking..40k naa ani.. 2 days to earning kadha..any +ve news to expect?

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sri_india Celebrity

sri_india

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Just now, dkchinnari said:

8k worth...vammo..sitti uncle entha pettav motham..40k?

what you talking man .... he made 120K ani last week posted noooo????

 

@Spartan , adobe  creative cloud subscriptions baga increase avuthunayi ani news lo chusaaa

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Spartan PRODUCER

Spartan

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Just now, dkchinnari said:

total portfoilio  asking..40k naa ani.. 2 days to earning kadha..any +ve news to expect?

total portfolio na....40K ki em vastadi....   CITI_c$y

40k is equal to @Vaampire  uncles one week profits...

 

ADBE ki vaste....oopu ravochu ani expecting. lekunna long term stock adi late ga enter ayya..

280$ deggara kondam ante ippudu kudirindi.... OKTA replaced it then in my portfolio..avi ammina paisal to ADBE konna.

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Spartan PRODUCER

Spartan

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1 minute ago, sri_india said:

what you talking man .... he made 120K ani last week posted noooo????

 

@Spartan , adobe  creative cloud subscriptions baga increase avuthunayi ani news lo chusaaa

yes... recession debba leni software lo Adobe okati...

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dkchinnari LEGEND

dkchinnari

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8 minutes ago, Spartan said:

total portfolio na....40K ki em vastadi....   CITI_c$y

40k is equal to @Vaampire  uncles one week profits...

 

ADBE ki vaste....oopu ravochu ani expecting. lekunna long term stock adi late ga enter ayya..

280$ deggara kondam ante ippudu kudirindi.... OKTA replaced it then in my portfolio..avi ammina paisal to ADBE konna.

cool...

10 minutes ago, sri_india said:

what you talking man .... he made 120K ani last week posted noooo????

 

@Spartan , adobe  creative cloud subscriptions baga increase avuthunayi ani news lo chusaaa

chudale..pls post here..120k naa 😮

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Vaampire LEGEND

Vaampire

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42 minutes ago, Spartan said:

total portfolio na....40K ki em vastadi....   CITI_c$y

40k is equal to @Vaampire  uncles one week profits...

 

ADBE ki vaste....oopu ravochu ani expecting. lekunna long term stock adi late ga enter ayya..

280$ deggara kondam ante ippudu kudirindi.... OKTA replaced it then in my portfolio..avi ammina paisal to ADBE konna.

ushhhhhhh. Andaru naa meedha padthunaru endi.

Ee week naa trading history lo best week. OAS & xela rendu click ayyayi.

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