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Why Amazon Is One Of Morgan Stanley's 'Best Ideas'

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Morgan Stanley named Amazon.com, Inc. (NASDAQ: AMZN) one of its “Best Ideas” in North America.

Analyst Katy L. Huberty said that Amazon’s shares do not appropriately reflect the company’s e-commerce business. She has placed a $420 price target on the stock, reflecting 40 percent upside.

Huberty said that strong sales and improving markets are driving record margins, while the company could slow investments to drive EPS growth. She also sees low institutional ownership, which could be an additional catalyst to drive the price higher.

Amazon is reporting Q4 earnings after the bell. It is expected to post EPS of $0.17 on $29.7 billion in revenue.

Shares are trading lower on the day at $301.38 and have lost more than 2 percent this year.

Latest Ratings for AMZN

DateFirmActionFromTo
Feb 2021CitigroupMaintainsBuy
Feb 2021UBSMaintainsBuy
Feb 2021BenchmarkMaintainsBuy

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View the Latest Analyst Ratings

 

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Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
FSRMorgan StanleyMaintains40.0
NATJefferiesMaintains2.8
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
PSXMizuhoMaintains96.0
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