Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Echo Finally Gives Fitbit A Voice

[at Forbes] – Fitbit’s customers can now ask Amazon’s digital assistant Alexa for stats and extra motivation, helping their wrist-worn gadgets avoid the dreaded sock drawer. Read more on this. Amazon.com, Inc. (AMZN) , valued at $262.52B, started the session at $569.99. Looking at today’s trading action, the company’s one day range from $555.01 to $571.40 with a trailing 52-week range being $365.65 to $696.44. AMZN shares are currently priced at 124.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.15x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $0.58 per share, which would be $0.58 worse than the year-ago quarter and a $0.30 sequential decrease. The full-year EPS estimate is $4.60 which would be a $3.35 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.96 Billion. If reported, that would be a 23.06% increase over the year-ago quarter. Recently, Canaccord Genuity upgraded AMZN from Hold to Buy (Feb 18, 2016). Previously, Susquehanna Initiated AMZN at to Positive. The average price target for AMZN shares by the analysts covering the stock is $736.27, which is 29.17% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): Amazon’s new voice-controlled devices broaden competition with Google Market Update (NASDAQ:AMZN): Amazon Web Services Announces Amazon Lumberyard — A Free, Cross-Platform, 3D Game Engine Integrated with AWS and Twitch Market Update (NASDAQ:AMZN): “Alexa, Play Spotify”: Spotify Now Available on Amazon Echo