Skip to main content

Stock Update (NASDAQ:AMZN): Alphabet’s Google Takes on Amazon With New Smart Speaker

[at TheStreet] – Alphabet enters the virtual personal assistant market with the introduction of the Google Home. It’s a play designed to challenge Amazon’s Echo device. Read more on this. Amazon.com, Inc. (AMZN) , valued at $327.09B, opened this morning at $691.88. Looking at the stock, its one day range is $690.79 to $699.00 with the price of the stock fluctuating between $419.14 to $722.45 over the last 52 weeks. Amazon (AMZN) shares are currently priced at 130.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.76x earnings multiple for the same period. According to a consensus of 33 analysts, the earnings estimate of $1.10 per share would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.34 would be a $4.09 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.57 Billion. If reported, that would be a 27.57% increase over the year-ago quarter. Recently, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. Investors should keep in mind is that the average price target is $793.26, which is 14.65% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update (NASDAQ:AMZN): Amazon’s new voice-controlled devices broaden competition with Google Stock Update (NASDAQ:AMZN): Sorry, Amazon: Spotify choses Google over AWS for big cloud deal
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.