The ability of Amazon.com (NASDAQ:AMZN) to move quickly and execute soundly has them continuing to gain share, and that appears to be the same in 2011.
Barclays (NYSE:BCS) noted, "We are raising our 4Q10 and 2011 estimates for Amazon as we believe the online holiday season has been strong and Amazon continues to gain share both online and offline...Additionally, we believe the extension of Free Super Saver Shipping through December 19 enabled Amazon to capture a greater share of holiday sales over this past weekend and made the site more competitive with traditional retail for gift purchases taking place just one week before Christmas..The extended free shipping deadline is another example of how Amazon continues to raise the bar versus both online and offline competition."
Barclays reiterates an "Overweight" on Amazon.com, which closed Monday at $183.29, up $5.71, or 3.22 percent. Barclays has a price target of $195 on Amazon, raising it from $180.
Tuesday, December 21, 2010
Amazon.com (NASDAQ:AMZN) Continues to Differentiate, Execute
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1 comment:
Amazon is grossly overpriced. They are essentially paying customers to purchase their products. Last quarter sequential sales increased by a billion dollars, yet operating profit was flat. At this rate when amazon gets to 100 billion in sale, it will make 3 billion, and probably be worth half what it is worth today.
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