#1 - Amazon (NASDAQ:AMZN)
Amazon (NASDAQ: AMZN) - Does Amazon still have room to grow? For many investors and analysts, the answer is yes. There are a few reasons for that. First, e-commerce is a sector that is still in its developing stages. According to Statista, e-commerce is well-positioned to capture more than their fair share of growth in a sector that only accounted for approximately 10% of worldwide retail sales (9.7% in the United States). One of the reasons for that is their fulfillment centers which allow them to deliver on their promise of two-day shipping for their Prime customers – a benefit that may also be accounting for Prime customers outspending Amazon’s non-subscribers.
Another area where Amazon is set to grow is cloud computing. With $6.1 billion in sales, they are the market share leader in the category by a large margin. At 34%, their market share is over twice the share of the second-place company, Microsoft. But while competitors are trying to keep up with Amazon in the digital space, Amazon continues to make in-roads in the brick-and-mortar market. Their acquisition of Whole Foods and their partnership with Berkshire-Hathaway and JPMorgan Chase to help them become a player in the healthcare sector. Add to that, their continued investment and growth in their Echo voice-activated speakers and you can see why investors remain bullish on the company's stock going into 2019 despite its current valuation which may scare off some investors.
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
- $196.83
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.77 (19.8% Upside)
