Share of Amazon gained over 10% as its profit engines are humming

Benzinga Real-time News · Feb 4, 2022 14:40

Analysts bumped up price targets on $Amazon(AMZN.US)$ post Q4 results.
Price Action: AMZN shares traded higher by 11% at $3,084.30 last check on Friday.

Piper Sandler analyst Thomas Champion raised the price target to $3,900 from $3,875 (40.4% upside) and reiterated an Overweight.
The headline Q4 results were mixed with 4Q revenue 1% below Piper's forecast and EBITDA better.
However, the analyst notes that Web Services growth accelerated to 40% year-over-year and was 3.4% above Piper's forecast.
Goldman Sachs analyst Eric Sheridan raised the price target to $4,200 from $4,100 (51.2% upside) and reiterated a Buy.
Amazon's Q4 earnings report produced a "solid set of results and addressed directly many of the key investor debates in the past few months."
Raymond James analyst Aaron Kessler raised the price target to $3,950 from $3,840 (42.2% upside) and kept an Outperform.
Amazon reported another strong quarter of accelerating AWS growth and strong advertising growth. However, e-commerce growth remains slow on tough comps, and expense headwinds are expected to persist into Q1 as well.
The analyst expects solid long-term e-commerce growth and sees "robust" advertising growth.
Amazon can now better focus on efficiency, said KeyBanc.
JPMorgan analyst Doug Anmuth raised the price target from $4,350 to $4,500 (62.1% upside) and maintained an Overweight rating.
UBS analyst Lloyd Walmsley raised the price target to $4,625 from $4,550 (66.6% upside) and kept a Buy.

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Share of Amazon gained over 10% as its profit engines are humming

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