Amazon’s Q4 Profits Spur Price Target Increases

By | January 30, 2015

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Amazon (AMZN) stock jumped 11% early Friday, a day after the e-commerce leader issued fourth-quarter earnings that crushed views on improving margins despite a modest revenue miss and soft Q1 guidance tied to adverse currency factors. The results prompted some analysts to raise their price targets on the stock. Amazon was up 11.1% by late morning trading in the stock market today to more than 346. For the fourth quarter, Amazon (AMZN) said it Scalper1 News

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