AMZN keeps making ATH. JPMorgan reiterated its Overweight rating on AMZN and lifted its price target from $925 to $1,000, citing strong growth catalysts in the company’s electronics, general merchandise, media, and services segments. That new price target suggests a 25% upside to the stock’s Monday closing price of $799.16. Read more: http://etfdailynews.com/2016/09/27/jpmorgan-says-amazon-is-going-to-1000/
Love AMZN as a company; definite powerhouse and king of retail; however recent movement has indicated exuberance. Watch for pullback.
Vertical Put Spread is best strategy here. In case you are wrong in the short term, you can still make decent money
Underperformed yesterday and recent strong bullish resurgence seems tired and probably cooling off. Where is a good buy time to stay sidel
A few days ago noted price cooling off and good VS seems worked but still recent bullish resurgence intact
Analyst Upgrade/Downgrade Update Brokerage firm: Credit Suisse Change: Coverage Reiterated/Price Target Changed Previous Rating: Outperform Current Rating: Outperform Previous Price Target: $920 Current Price Target: $1050
Analyst Upgrade/Downgrade Update Brokerage firm: Goldman Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Buy Previous Price Target: $920 Current Price Target: $1050