Despite the sell-off reaction to Amazon's Q3 miss on the bottom line, analysts at J.P. Morgan (target $975 from $1,000), Oppenheimer & Co. ($900), Jefferies ($950) and UBS ($900) maintain assorted Overweight, Outperform, and Buy ratings. Higher investment expenses are cited across the group, however, so are momentum and growth.
Amazon (NASDAQ:AMZN) lower by 4.5% to $781.70.
Yesterday (October 27, 2016): Amazon -6% on major Q3 EPS shortfall [updated]
Subscribe for full text news in your inbox