Analyst Bio:
Rosenblatt analyst Barton Crockett updated Amazon.com Inc. for the 20–1 share split completed on June 6.
Crockett also reduced its split-adjusted PT by 26 percent to $107, near current trading levels. He reiterated a Neutral rating.
Crockett continued to see consensus long-term sales estimates as too high, mainly from what he saw as excessive long-term optimism for online retail.
