Amazon.com "buy"

25.07.07 - Jackson Securities

NEW YORK, July 25 (newratings.com) - Analyst Brian Bolan of Jackson Securities maintains his "buy" rating on Amazon.com Inc (AMZN). The 12-month target price is set to $75.

In a research note published this morning, the analyst mentions that the company has reported its 2Q07 EPS, excluding the stock-based compensation expenses, ahead of the estimates and the consensus due to robust gross margin expansion. Amazon.com?s revenues were ahead of the estimates in the quarter primarily due to 27% revenue growth at the Media segment, the analyst says. The possibility of continued margin expansion in 2H07 might drive the company?s stock valuation going forward, Jackson Securities adds. The company has issued its sale guidance for 3Q07 at $3-$3.175 billion.