Amazon sales show momentum, analysts boost price targets

A zoomed image of a computer screen showing the Amazon logo is seen in Vienna(Reuters) – Shares of Amazon.com Inc were set to jump about 7 percent at the opening on Friday after the company reported better-than-expected sales growth in North America and indicated strong momentum going into the U.S. holiday season. At least 15 brokerages raised price targets on Amazon shares, to as much as $ 430, after the world's biggest online retailer company reported strong results for the third quarter. The stock, which has already risen 32 percent this year, was trading around $ 356 before the bell, up from $ 332.21 at the Nasdaq close on Thursday before the results were announced. …


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