Sell long-in-the-tooth FAANGs, build up BRICs, say analysts

Amazon.com (AMZN) PT Raised to $2,130 at Oppenheimer

Oppenheimer raised its price target on Amazon.com (NASDAQ: AMZN) to $2,130.00 (from $1,750.00) while maintaining a Outperform rating.

Analyst Jason Helfstein commented, "We are increasing our target to $2,130 from $1,750, and maintaining our Outperform rating after AMZN reported better than expected margins and slightly... More

Amazon.com (AMZN) PT Raised to $2,250 at Susquehanna

Susquehanna raised its price target on Amazon.com (NASDAQ: AMZN) to $2,250.00 (from $2,000.00) while maintaining a Positive rating.

Analyst Shyam Patil commented, "AWS and Advertising drive impressive 2Q profitability with a continued strong 3Q outlook."

Amazon.com (AMZN) PT Raised to $1,870 at Barclays

Barclays raised its price target on Amazon.com (NASDAQ: AMZN) to $1,870.00 (from $1,850.00) while maintaining a Overweight rating following the company's 2Q earnings report. Amazon continues to perform at a level well-above its mega cap internet peers, with revenue and OI that was in-line and 68%... More

Amazon.com (AMZN) PT Raised to $2,000 at Guggenheim

Guggenheim raised its price target on Amazon.com (NASDAQ: AMZN) to $2,000.00 (from $1,850.00) while maintaining a Buy rating following the company's 2Q earnings report. AMZN reported a strong 2Q18 that included a +39.3% revenue increase (vs. +40.1% estimates) and much better-than-expected margins/CSOI.

Prime... More

Amazon.com (AMZN) PT Raised to $2,200 at Loop Capital Following 2Q

Loop Capital raised its price target on Amazon.com (NASDAQ: AMZN) to $2,200.00 (from $1,900.00) while maintaining a Buy rating following the company's 2Q earnings report. Operating margin improved 390 bps YoY to 5.6% and diluted EPS jumped 1,167.5% to $5.07, beating consensus by $2.59.

Management forecasts 3Q 2018... More

Amazon.com (AMZN) PT Raised to $2,250 at BMO Capital

BMO Capital raised its price target on Amazon.com (NASDAQ: AMZN) to $2,250.00 (from $2,000.00) while maintaining a Outperform rating.

Analyst Daniel Salmon commented, "This was the most profitable quarter in AMZN's history as operating margins expanded 400bps YoY and broke 5%. While we don't model... More

Amazon.com (AMZN) PT Raised to $2,200 at Macquarie

Macquarie raised its price target on Amazon.com (NASDAQ: AMZN) to $2,200.00 (from $2,100.00) while maintaining an Outperform rating. Revenues and CSOI were 2% below and 41% above Macuarie's expectations, respectively.

On page one of a press release by AMZN, it states, We want... More

Amazon.com (AMZN) PT Raised to $2,110 at Wells Fargo

Wells Fargo raised its price target on Amazon.com (NASDAQ: AMZN) to $2,110.00 (from $1,875.00) while maintaining an Outperform rating.

Analyst Ken Sena commented, "Amazon reported another very strong quarter with gross profit and CSOI exceeding our expectations by 2% and 40%, respectively. Across its segment... More

Amazon.com (AMZN) PT Raised to $2,100 at Piper Jaffray

Piper Jaffray raised its price target on Amazon.com (NASDAQ: AMZN) to $2,100.00 (from $2,075.00) while maintaining an Overweight rating following the company's 2Q earnings report. AMZN reported revenue 1% below the Street and op income 74% above the Street. The mid-point of Q3 guidance calls for... More

Amazon.com (AMZN) PT Raised to 'Street High' $2,300 at Monness, Crespi, Hardt

Monness, Crespi, Hardt raised its price target on Amazon.com (NASDAQ: AMZN) to $2,300.00 (from $2,200.00) while maintaining a Buy rating. The new target matches a 'Street High'.

Analyst Brian White commented, "Last night, Amazon delivered big 2Q:18 EPS upside and provided a strong 3Q:18... More

Stifel Reiterates Buy on Amazon (AMZN) Following 2Q Release

Stifel reiterated a Buy rating and $2020.00 price target on Amazon.com (NASDAQ: AMZN) following the company's 2Q earnings report. Amazons 2Q was highlighted by continued momentum across its higher-margin businesses and meaningful improvements in operational efficiency, which resulted in 2Q operating income... More