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September 01, 2020 10:18am
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Market Update (NASDAQ:AMZN): Meet the Cambridge exec behind Amazon Echo’s new travel skills

[at American City Business Journals] – Amazon Echo can now help you search for flights, hotels and rental cars, thanks to an effort by a Cambridge employee at online travel firm Kayak. The new voice-enabled travel search feature was announced earlier this week and is available for users of Amazon (AMZN) devices that are enabled by Alexa, the cloud-based voice technology that powers Amazon Echo, Amazon Tap and Echo Dot. While Alexa can’t book flights for you, she can now help you search for ideas for your next trip and discover places to go within your budget. Read more on this. Amazon.com, Inc. (AMZN) , valued at $339.53B, began trading this morning at $717.38. Looking at today’s trading action, the company’s one day range from $711.51 to $721.21 with a one year range of $418.36 to $721.21. AMZN shares are currently priced at 133.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.71x earnings multiple. According to a consensus of 33 analysts, the earnings estimate of $1.10 per share would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.34 would be a $4.09 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $29.57 Billion. If realized, that would be a 27.57% increase over the year-ago quarter. More recently, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $801.95, which is 11.79% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update (NASDAQ:AMZN): Google’s Amazon Echo killer is code-named ‘Chirp’ Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Echo Finally Gives Fitbit A Voice Market Update (NASDAQ:AMZN): Amazon Web Services Announces Amazon Lumberyard — A Free, Cross-Platform, 3D Game Engine Integrated with AWS and Twitch
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