Wall Street Is All In on Amazon’s Stock

Now might not be the best time to turn to Wall Street analysts for bear arguments on Amazon.com . Following Thursday’s upgrade by KeyBanc Capital Markets, the stock is now a unanimous Buy.

That, according to FactSet, means all 40 of the sell-side analysts covering the company have bullish ratings on the stock. Of course, one might argue that there wasn’t much difference of opinion before this change, either. Just a few days ago, Barron’s Jon Swartz covered another analyst who set the same target on the stock.

Amazon’s stock has risen about 13% in 2019. Wall Street’s average target, meanwhile, has been roughly flat; that average has come down about 2% since the end of 2018, though it still implies a market capitalization a bit above $1 trillion. His 2019 and 2020 revenue estimates, at about $278 and $329 billion, respectively, are slightly ahead of Wall Street's consensus.

40 analysts buy recommendations on Amazon? Buy for whom? Retail, Institutional or hedge funds? Retail investors should stay away from Amazon in my opinion. They better off with ETFs SPY, VT or ACWI! Hedge funds & institutions good luck in beating the market & failing!

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