Analyst Buys Amazon.com Ahead of Earnings, Ebay Scores Growth, Salesforce.com Has Momentum
The U.S. financial markets are trading at daily highs on Thursday afternoon. Here are a few e-commerce companies to review following analyst notes today:
Amazon.com Inc. (NASDAQ:AMZN): Piper Jaffray sees upside for Amazon. Checking results for eBay has the firm seeing Amazon coming out with upside revenue over fourth quarter consensus. Amazon reports on January 31st, with Piper Jaffray still buying ahead of the report.
eBay Inc. (NASDAQ:EBAY): RBC Capital concerned with eBay growth. The company reported a stronger than expected fourth quarter. RBC Capital feels “somewhat concerned” eBay’s Marketplaces business growth may be slowing. The firm still sees the company on track to meet consensus estimates for 2012 and 2013 as it maintains an Outperform, but lowers target from $43 to $39.
Salesforce.com (NYSE:CRM): Morgan Stanley likes momentum at Salesforce.com. Morgan Stanley believes share prices could reach the same range prior to third quarter levels. The firm rates Overweight with a $150 price target.