UBS says the firm continues to believe Amazon is “coiled” and ready to outperform following the quarterly results. The firm reiterates a Buy rating on the pullback.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Morning Movers: Amazon and Apple moving in opposite directions after earnings
- Investors underestimate Amazon.com EPS upside with cloud, robotics, says Roth
- Video: Apple gains, Amazon dips after earnings reports
- Notable open interest changes for August 1st
- Amazon.com price target raised to $260 from $225 at Susquehanna