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Morgan Stanley Sees Attractive Long-Term Risk/Reward for Amazon.com

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In a report published Thursday, Morgan Stanley analyst Stephen Shin reiterated an Overweight rating and $435.00 price target on Amazon.com (NASDAQ: AMZN).

In the report, Morgan Stanley noted, “We model 21% revenue growth to $19.5B, inline with consensus estimates vs. guidance of 13-24% growth. We estimate ~18% product sales (i.e., 1P sales) growth and ~39% service sales growth (3P sales and AWS). FX should be a slight headwind this quarter (the company guided to 30 bps). We model CSOI of $538MM, towards the high end of guidance ($150MM-550MM), or a 20 bps increase to 2.8% of revenue, and believe that margins need to expand if revenue growth stays in the low 20s.”

Amazon.com closed on Wednesday at $323.68.

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2014NomuraInitiates Coverage onBuy
Oct 2014Morgan StanleyInitiates Coverage onOverweight
Oct 2014Monness Crespi HardtInitiates Coverage onNeutral

View More Analyst Ratings for AMZN
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Posted-In: Morgan Stanley Stephen ShinAnalyst Color Reiteration Analyst Ratings

 

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