Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Amazon At $1,000 Is 'Just A Nice Trophy'

Amazon At $1,000 Is 'Just A Nice Trophy'

Shares of, Inc. (NASDAQ: AMZN) are trading within striking distance of the $1,000 per share mark and the company's CEO Jeff Bezos deserves a "trophy," at least according to Gene Munster.

Munster, the ex-Wall Street analyst turned venture capitalist, was a guest on CNBC's "Squawk on the Street" segment on Friday to offer his take on Amazon's march to $1,000 per share. He was quick to highlight the poor investor sentiment in 2014 when many had little confidence in the company's ability to generate a profit.

Bezos' Leadership, Amazon's Moves

Through Bezos' leadership, Amazon won over many investors since 2014, but the company isn't fully out of the woods just yet. Investors are now looking for Amazon to demonstrate margin improvements — but Munster isn't convinced this will be seen in 2017. He acknowledged this is an issue Amazon needs to deal with over the longer term, but this shouldn't deter investor for one key reason.

Munster continued that only around 8 percent of all items purchased globally is done so online. Ultimately this figure will soar to as much as 55 percent and could imply as much as $1 trillion in revenue for the e-commerce giant.

"So, when you think about these depressed margins, I think investors should be reminded about just how nascent online is today and the right thing for them to do is invest in the business," Munster concluded on the topic.

Related Links:

Alphabet Soup, Revisited: 'FAANG,' Not 'FAANGSTN'

Snap's Pain Is Augmented Reality's Gain, According To Gene Munster

Latest Ratings for AMZN

Apr 2019MaintainsOutperformOutperform
Apr 2019MaintainsOverweightOverweight
Apr 2019MaintainsBuyBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Amazon CNBC CNBCAnalyst Color Top Stories Analyst Ratings Media Trading Ideas Best of Benzinga


Related Articles (AMZN)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
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.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
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

GameStop Q1 Sales Strength Mixed With Segment Weakness

12 Biggest Mid-Day Losers For Friday