"You can't build a reputation on what you're going to do." Henry Ford
Thursday, October 25, 2007
Still Bullish? Amazon
Amazon announced Q3 earnings yesterday with surprising results. Third quarter earnings increased 41% to $3.26 billion. Although investors sold off the stock yesterday on lower forcasted earnings, today analyst H Terry of Credit Suisse raised the price target from $100 to $120. Amazon closed today down .52 cents to $88.21.