#1 - Amazon (NASDAQ:AMZN)
Amazon (NASDAQ: AMZN) - I know. It's ridiculous, right? How can Amazon be on a list of stocks to sell? The retailing giant has become virtually synonymous with online shopping. Just as people are told to “Google it” to search for something on the Internet, there is a “just go to Amazon” effect in the market. But Amazon is not just about shopping anymore. The company is all grown up now and is positioned as a leader in cloud computing and is poised to spread its reach into other industries as well. AMZN is no longer just a retail stock. This raises the question of value. Investors may be able to find better buys. First, take a look at their P/E ratio which currently is around an eye-popping (and eyebrow-raising) 76. Many investors have so far dismissed the high multiple citing the fact that the company continues to increase its cash on hand even as it spends more every year. But it's fair to wonder if you can find stocks that have higher growth potential that sell at a lower multiple. After all, what comes up must come down and while Amazon is forecasting a long-term growth rate of over 43%, at some point that growth is priced into the stock. It may already be.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More - Current Price
- $224.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 42 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $243.00 (8.0% Upside)
