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Amazon’s Upside Potential Underappreciated, Deutsche Bank Says -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Deutsche BankLeo Horowitz, an analyst at Amazon.com Inc. (NASDAQ:) told investors in a note to the investors that the market underestimates the potential upside.

Horowitz launched the company with a Buy rating and a target price of $4,100.

Three factors were considered by the analysts in determining the price target and rating. These included retail revenue growth “that should, post COVID,” multi-channel grocery share gains (multi-channel) and AWS revenue implications due to the $80billion in net backlog additions.

He said that Amazon shares offer a “highly compelling risk-reward ratio” at the current price level.

Amazon shares trade 0.3% higher Friday following Thursday’s more-than 5% gain. announcementA $10 billion share buyback and the intent to do a 20 for 1 stock split.

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