This Day On The Street
Continue to site
ADVERTISEMENT
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

Amazon Gets a Boost: A Chart You Should See

NEW YORK (TheStreet) -- If you didn't get something from someone or buy something for someone on Amazon (AMZN - Get Report) this holiday season, chances are you were one of the few people this season who didn't shop online.

As such, Citi analyst Mark May raised his price target to $457, keeping his "buy" rating on the stock, noting the company likely had a strong fourth quarter that was buoyed by a surge in online shopping.

"We believe Amazon.com likely had a strong 4Q13 and, as a result, the stock will continue to outperform, with the positives likely outweighing the negatives," May wrote in a report. "We are raising our price target to $457 from $381 as we take into consideration Amazon's continued momentum in both online retail and cloud services (AWS) and as we roll forward our valuation framework one-year forward."

Online shopping was so strong during the holiday season, particularly the last few days before Christmas, that UPS (UPS) and FedEx (FDX) both missed delivery dates on certain packages, prompting outrage from consumers who expected packages to be delivered by Christmas despite not placing orders sooner.

"UPS is experiencing heavy holiday volume and making every effort to get packages to their destination; however, the volume of air packages in our system exceeded the capacity of our network immediately preceding Christmas so some shipments were delayed," UPS said in a statement late last month.

Following the delay in orders, Amazon offered refunds on shipping charges and $20 gift cards to affected customers.

AMZN ChartAMZN data by YCharts

--Written by Chris Ciaccia in New York

>Contact by Email.

Must Read: Apple's Biggest Concern - Margin Pressures

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $429.16 -1.58%
AAPL $124.49 -1.20%
FB $86.02 -1.70%
GOOG $517.74 -0.98%
TSLA $265.56 -5.10%

Markets

DOW 17,531.39 -152.19 -0.86%
S&P 500 2,048.52 -20.24 -0.98%
NASDAQ 4,914.0340 -77.9060 -1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs