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Bernstein Reports Shares of Amazon Worth $451-$571 in Sum-of-Parts Valuation

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In a report published Monday, Bernstein analyst Carlos Kirjner noted that shares of Amazon.com (NASDAQ: AMZN) may be worth $451.00 to $571.00 in sum-of-the-parts valuation.

Kirjner, who holds an Outperform rating on Amazon, wrote that price-to-sales ratio implies a $335.00 for retail business, or $442.0 by the discounted cash flow analysis. The analyst added that Amazon Web Services is worth $89.00 in a price-to-sales ratio, or $102.00 in discounted cash flow valuation. The sum-of-the-parts valuation additionally includes $27.00 cash per share.

Kirjner emphasized that this analysis excludes the potential upside from the company's entry into fresh groceries and continued geographic expansion.

Bernstein reiterated $420 price target on Amazon noting that this figure is “quite conservative.”

Shares of Amazon closed at $372.06 on Friday.

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2014Piper JaffrayMaintainsOverweight
Nov 2014NomuraInitiates Coverage onBuy
Oct 2014Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for AMZN
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Posted-In: Bernstein Carlos KirjnerAnalyst Color Price Target Reiteration Analyst Ratings

 

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