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Mark Cuban: Amazon Is The Best Startup In The World

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Mark Cuban: Amazon Is The Best Startup In The World
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"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.

Image Credit: By TechCrunch - 509306865DH00026_TechCrunch, CC BY 2.0, via Wikimedia Commons

Latest Ratings for AMZN

DateFirmActionFromTo
Jun 2018DA DavidsonMaintainsBuyBuy
Jun 2018SunTrust Robinson HumphreyReiteratesBuyBuy
May 2018Telsey Advisory GroupInitiates Coverage OnOutperform

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