Rosenblatt Maintains Buy Rating on Amazon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy AMZN?
Following Amazon's (AMZN) announcement of a deal to acquire Globalstar (GSAT), Rosenblatt sees Amazon "leaning in meaningfully to compete aggressively with Starlink, which is the core profit generator of Elon Musk's SpaceX." If the market confers at some point a SpaceX style multiple to Amazon's nascent space business that "could be helpful," but otherwise Amazon is so big that this "doesn't move the financial needle, at least for the next few years," the analyst added. The firm keeps a Buy rating on Amazon shares.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 248.280
Low
175.00
Averages
280.01
High
325.00
Current: 248.280
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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