Amazon: Canaccord maintains buy rating after results
(CercleFinance.com) - Canaccord has reinstated its "buy" rating on the Amazon stock, along with its target price of 2,250 dollars, following the group's Q4 results, which it deems are solid, with the prospect of firm growth, albeit slightly slower.
"There are still plenty of exciting growth Standouts... and fortunately margins are
holding up nicely," the broker says, adding that it still likes the stock, given the competitive barriers and immense market potential.
However, the broker says "it is possible we could be entering a new era in which growth is back at a level where profitability will matter a lot more to the marginal investor."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
"There are still plenty of exciting growth Standouts... and fortunately margins are
holding up nicely," the broker says, adding that it still likes the stock, given the competitive barriers and immense market potential.
However, the broker says "it is possible we could be entering a new era in which growth is back at a level where profitability will matter a lot more to the marginal investor."
Copyright (c) 2019 CercleFinance.com. All rights reserved.