[at TheStreet] – Twitter is searching for a way to increase engagement, while Amazon jumps feet first into a crowded music streaming field. Read more on this. Amazon.com, Inc. (AMZN) , with a current value of $336.49B, started the session at $712.05. Looking at today’s trading action, the company’s one day range from $705.30 to $715.50 and has traded between $425.57 and $731.50 over the past year. AMZN shares are currently priced at 132.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.44x earnings multiple. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. The full-year EPS estimate is $5.39, which would be a $4.14 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $29.58 Billion. If realized, that would be a 27.61% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. The average price target for AMZN shares by the analysts covering the stock is $800.92, which is 12.48% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Releases Songs of Summer—A Collection of Original Recordings Exclusively Streaming on Prime Music Company Update: Amazon.com Inc (NASDAQ:AMZN) – Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN)