Here's The Reason For Analysts' Pro-Amazon Bias
by Adam Levine-Weinberg
Despite all its earnings disappointments and its heady valuation, Amazon.com (AMZN) continues to get buy recommendations and ever loftier price targets from most Wall Street analysts. I've stated my case against Amazon elsewhere, but the basic thesis is the following: revenue growth is slowing and will continue to do so as Amazon's market penetration increases, and margins will never exceed 5% because of the ultra-competitive nature of retail. Accordingly, I've been puzzled to see so many analysts who are bullish on Amazon. read more »
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