Amazon Faces Competition, Rising Costs As Stock Overshoots $220 Fair Value
by Trefis
We believe that the market is being overly optimistic about Amazon’s performance in 2013 and beyond, in particular with respect to growing competition. Morgan Stanley upgraded Amazon (AMZN) to "Overweight" on Monday, and combined with Amazon reporting blockbuster sales this holiday season, the stock has reached its all time high of almost $270. [1] [2] read more »
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