Uploaded by FinancialNewsOnline on Nov 18, 2011
Piper Jaffray believes Amazon.com (NASDAQ:AMZN) is keeping pace with Kindle Fire demand and will be able to ship around 4M units in Q4, above its prior estimate of 2.5M units. The firm thinks Apple's (NASDAQ:AAPL) iPad offers a superior user experience, but views the Fire as offering as much or more than most other competitors and thinks it will expand the tablet market. Piper Jaffray estimates that Amazon could control 18% of the tablet market in Q4 and keeps an Overweight rating on the stock.
Amazon.com (NASDAQ:AMZN) has potential upside of 17.5% based on a current price of $204.52 and an average consensus analyst price target of $240.29.
Amazon.com (NASDAQ:AMZN) has potential upside of 17.5% based on a current price of $204.52 and an average consensus analyst price target of $240.29.
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