Wedbush: Amazon's first quarter results will be strong, to the target price of $ 3950

Wedbush analyst Michael Pachter gave $Amazon(AMZN.US)$ an Outperform rating and a price target of $3,950. For Amazon's first-quarter results to be announced on April 28th, Pachter expects Amazon's revenue and operating profit to be near the top of the guidance range, driven by higher product prices and strong consumer spending, but the favorable impact will be partially offset by higher inflation costs.