Amazon.com Inc. (NASDAQ:AMZN) has significant tailwinds that are underappreciated, according to Lazard.
Lazard Capital analyst Colin Sebastian cited elements of Amazon with potential, including strong investments in China, like Joyo.com; cloud-based services; potential in mobile e-commerce; and increasing migration to online marketing.
Sebastian added that Amazon is also getting better at widening their retail margins.
Lazard raised their rating on Amazon from "Hold" to "Buy." Amazon closed Friday at $185.49. Lazard has a price target of $225 on retail giant.
Monday, January 10, 2011
Amazon.com's (NASDAQ:AMZN) Tailwinds Not Appreciated Says Lazard
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2 comments:
Why is this guy agitated to keep pumping AMZN? To help someone unload tons of shares at good prices? California is about to officially impose internet sales taxes today. AMZN is DEAD.
I will buy amzn shares tomorrow with all of my money. OK?
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