Amazon: Jefferies still a buyer
(CercleFinance.com) - Jefferies reinstates its “buy” rating on Amazon shares, along with its target price of 4,200 dollars, believing that it offers an attractive risk/reward trade-off, helped by a roughly 25% multiple compression since mid-2020 and more modest expectations.
"We also think the market underappreciates the importance of accelerating growth at AMZN's highest-margin businesses, which we see as key drivers of shareholder value," the broker added.
Note that Amazon's market capitalisation is just short of 1.75 trillion dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We also think the market underappreciates the importance of accelerating growth at AMZN's highest-margin businesses, which we see as key drivers of shareholder value," the broker added.
Note that Amazon's market capitalisation is just short of 1.75 trillion dollars.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.