This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Amazon Blasts Past Street's Forecast

Stocks in this article: AMZN

Updated from Thursday, Jan. 28

SEATTLE ( TheStreet) -- Amazon (AMZN) is being praised by analysts, who are upping their target price on the stock after the e-retailer easily topped Wall Street's fourth-quarter estimates and released a positive outlook.

The news sent shares up 3.4% to $130.24 before the bell on Friday.

Needham upped its target to $140 from $120. "The Amazon story would appear to have no bounds," analyst Charles Wolf wrote in a note. "Through a combination of price leadership, superb service and continuing expansion of product offerings, Amazon is gaining share in the online e-commerce market even as the e-commerce market gains share from the physical commerce market."

Jeffries also raised its price target to $160 from $150 and Kaufman Bros. lifted its target to $160 from $155.

Looking ahead, Amazon predicts revenue in the range of $6.45 billion to $7 billion, better than the $6.36 billion analysts are looking for. Operating income is expected to fall between $275 million and $365 million.

During the quarter, the company earned $384 million, or 85 cents a share, a 71% surge compared with $225 million, or 52 cents, in the year-ago period. Analysts expected earnings of 72 cents a share.

Sales soared 42% to $9.51 billion from $6.7 billion last year. This was significantly higher than the $9.04 billion forecast.

Amazon did not reveal how many Kindles it has sold.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,079.95 +49.74 0.28%
S&P 500 2,091.58 +9.70 0.47%
NASDAQ 4,798.9260 +25.4540 0.53%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs