Analysts: Amazon to Reap Benefits of New Prime Members and 3 More Research Notes to Look At
Amazon.com Inc. (NASDAQ:AMZN): Pacific Crest expects that Amazon.com will benefit from the addition of millions of new Prime members in the third quarter, as well as its expanding mobile ecosystem; the firm predicts that Amazon.com’s share gains and momentum will continue and keeps an Outperform rating on the stock.
3D Systems Corp. (NYSE:DDD): Bank of America Merrill Lynch expects 3D Systems to benefit from the under-penetrated 3D printer market. The analyst sees the potential for significant revenue growth, driven by higher end printers and increased sales of higher margin print materials; shorter-term, the analyst expects new 3D printer introductions and news flow at Euromold and Consumer Electronics show. The firm rates 3D Systems shares a Buy and increased its price target to $90 from $69.
Exxon Mobil Corp. (NYSE:XOM): Cowen sees upside to intrinsic value of Exxon Mobil shares and believes its growth story is underappreciated; the firm sees industry-leading returns and cash distributions, a diversified asset base, and a track record of execution and cost control. The firm rates Exxon Mobil shares an Outperform with a $102 price target.
Deckers Outdoor Corp. (NASDAQ:DECK): Sterne Agee raised its Deckers estimates, saying that recent cold weather drove retail comps, and that the company’s international business appears strong; the firm reiterates its Buy rating on Deckers and raises its price target to $88.
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