Market Overview

Mark Cuban: Amazon Is The Best Startup In The World

Share:

"Startup" may not be the first word to come to mind when investors think of retail behemoth Amazon.com, Inc. (NASDAQ: AMZN). Not many startups do $107 billion in annual sales, employ more than 100,000 people and seriously consider building flying warehouses to facilitate delivery of their product.

How So?

But that's not what esteemed investor, entrepreneur and "Shark Tank" panelist Mark Cuban thinks.

"It is the best start up in the world," Cuban told Benzinga.

Cuban echoed sentiment expressed by Amazon CEO Jeff Bezos, who's been quoted as saying the company thinks and acts like a startup. Cuban has professed his appreciation for the company before, telling Benzinga last summer he doesn't worry about quarter-to-quarter fluctuations in stocks like Amazon and Netflix, Inc. (NASDAQ: NFLX), focusing instead on their market dominance.

A Different Voice

The comments from Cuban come the same day Trip Chowdhry of Global Equities Research called a top for Amazon's stock — it trades at nearly $800 per share, or almost 175 times its earnings. Chowdhry sees big revenue drivers like the AWS cloud service as being already baked in to the stock's price and was unimpressed with other initiatives like its drone-centered delivery service.

Chowdhry's comments sparked a good deal of discussion midday as to whether it's time for Amazon investors to take profits.

Shares of Amazon recently traded down 1.22 percent at $762.73. Don't expect that to dissuade Cuban, who says he'll "buy more on dips."

The stock is up more than 140 percent since the start of 2015.

Latest Ratings for AMZN

DateFirmActionFromTo
Oct 2020Morgan StanleyMaintainsOverweight
Oct 2020Morgan StanleyMaintainsOverweight
Oct 2020MizuhoMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!

Posted-In: Global Equities ResearchAnalyst Color Long Ideas Top Stories Analyst Ratings Tech Trading Ideas Interview Best of Benzinga

Latest Ratings

StockFirmActionPT
INTCJP MorganMaintains70.0
STMCanaccord GenuityMaintains47.0
ELDeutsche BankMaintains248.0
UAADeutsche BankMaintains13.0
INTCDeutsche BankMaintains55.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com