Piper Jaffray Lifts Amazon.com (AMZN) to Buy, Says “Party Just Getting Started” – 24/7 Wall St.

Piper Jaffray Lifts Amazon.com (AMZN) to Buy, Says “Party Just Getting Started”

Posted: March 9, 2009 at 8:20 am

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Piper Jaffray is upgrading Amazon.com (Nasdaq: AMZN) today from Neutral to Buy and boosting its price target from $55 to $81, saying “The Party Is Just Getting Started.”

On the upgrade, Piper Jaffray senior analyst Gene Munster said, “It all comes down to our survey which, in our view, confirms Amazon has a stellar customer experience, driving continued market share gains.

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