Goldman raised its price target on the stock to a Street high and said the company represents the best risk/reward in the internet sector.
"While the stock has outperformed significantly, we believe the market continues to underestimate the long term value of theplatform as the leader in both the movement of retail online and compute into the cloud, the realization of which is being accelerated by the current crisis along with consumer and enterprise adoption. Therefore, we continue to believe Amazon represents the best risk/reward in the Internet sector and remain Buy-rated .
Pro It’s a $1.2 trillion company trading with a multiple of over 100.... at what point does that get stupid? If Amazon gets the implied revenue growth in current pricing, the justice dept will break it up due to a concentration of power. Negative synergy will happen.
Pro Gee, the average person wouldn't be able to predict there would be an upside in a stock such as Amazon. Those analysts must be rock scientists!
Pro The true roadmap of Capitalism leads to Fascism. US has proved that repeatedly since 1980. Small business owners realize that now also.
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Source: CNBC - 🏆 12. / 72 Read more »