Searching for Black Friday / Cyber Monday Deals?
Both shoppers and investors that are looking for bargains, there's only one magical online stop, that would be Amazon.com (NASDAQ:AMZN). The Black Friday deals are already up and live at Amazon.com.
Here is the link to take you to Amazon.com's Black Friday deals>> and the deals are outstanding. The savings are big and you can bet Amazon.com shareholders are going to benefit from both Black Friday and Cyber Monday shoppers.
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Over the past 12 months Amazon.com (AMZN) shares have traded between $105.80 and its 52-week high of $177.89. Amazon.com shares are now trading with a P/E Ratio of 71.7 and EPS of 2.47. AMZN shares closed at $177.25 yesterday, up 5.38% or $9.05.
Amazon.com, Inc. got love from Citi Investment Research this week when they reiterated their 'Buy' rating and $190 price target on AMZN.
(Benzinga.com) In a note sent to clients, Citi writes, "Even with the 27% YTD price increase, we still view favorably the long-term risk-reward on AMZN shares and continue to view the company as the best play off the secular growth in Online Retail. Our $190 PT is based on 30X our 2012 Adjusted EPS of $6.41 or 20X our 2012 FCF of $4.49B. We continue to believe that AMZN's 30%+ EPS growth outlook and its high conversion of EPS into FCF warrant a material market premium."