Analysts Likely To Be Shocked As Amazon's Growth Disappoints
by Adam Levine-Weinberg
Amazon.com (AMZN) reached a new all-time high on Monday, closing at $268.46. The major catalyst was an upgrade to buy at Morgan Stanley (MS), with a $325 price target. Analyst Scott Devitt argued in his accompanying note that Amazon's fulfillment network and other fixed assets will allow it to gain share in e-commerce to remain the global leader. By 2016, Devitt expects Amazon to post sales of $166 billion, up more than $100 billion from expected 2012 sales of approximately $62 billion. read more »
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