[at Investor’s Business Daily] – Apple (AAPL) reportedly is making a voice-response personal-assistant device to take on Amazon (AMZN) Echo and similar room appliances. The device will leverage Apple’s Siri application from its mobile … Read more on this. Amazon.com, Inc. (AMZN) , currently valued at $334.22B, started the session at $707.42. Looking at the stock, its one day range is $705.52 to $710.86 and has traded between $419.14 and $722.45 over the past year. AMZN shares are currently priced at 131.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.65x earnings multiple for the same period. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.34, which would be a $4.09 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.57 Billion. If reported, that would be a 27.57% increase over the year-ago quarter. 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 perhaps the stock is under or overvalued, the average price target is $794.67, which is 12.33% 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): “Alexa, Play Spotify”: Spotify Now Available on Amazon Echo