Amazon (AMZN) Still Inexpensive: Bernstein

CNBC’s Jon Fortt and BuzzFeed’s Jon Steinberg discuss in the following video a very-well done research note out from an analyst at Bernstein that questions the price of Amazon (AMZN)’s stock. According to the research, which points out Amazon’s fundamental and structural advantages in its retail and cloud infrastructure, AMZN at $370 is still inexpensive. The note suggests that the ticker’s price to next-12-months gross profit yields a valuation of $484 a share.

Amazon shares were down by $2.74, or 0.70%, at $369.50 on Monday. Trading at a multiple of 625X fiscal 2014 earnings estimates (yep, you read that right), and more than 87X fiscal 2015 forecasts, AMZN has a market cap of $170 billion.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.