Collins Stewart Initiates Coverage on Amazon.com (AMZN) with a Buy; Negative on eBay (EBAY)
AMZN Hot Sheet
Rating Summary:21 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Collins Stewart initiates coverage on Amazon.com (Nasdaq: AMZN) with a Buy. Price target $65.
Collins analyst says, "AMZN leads the E-Commerce industry with a culture of innovation and a strong customer-centric approach. AMZN's top-line growth is 2.5x the US E- Commerce growth rate and we expect margin expansion in 2010 and beyond...AMZN trades at a premium to its peers, but it is well deserved due to strong fundamentals and secular growth trends, in our view."
"Long AMZN/Short EBAY (Nasdaq: EBAY)...We believe eBay is currently where Yahoo! (Nasdaq: YHOO) was three years ago (changes required in its core business (i.e. display & search), severe loss of market share, management changes, and no major innovations) and Amazon is where Apple (Nasdaq: AAPL) was three years ago(strong traction in core offerings, market share gains, high growth in non-core business, and series of innovations)."
Amazon.com, Inc. (Amazon.com) operates retail Websites, which enables its consumer customers to find and discover anything they might want to buy online.
Collins analyst says, "AMZN leads the E-Commerce industry with a culture of innovation and a strong customer-centric approach. AMZN's top-line growth is 2.5x the US E- Commerce growth rate and we expect margin expansion in 2010 and beyond...AMZN trades at a premium to its peers, but it is well deserved due to strong fundamentals and secular growth trends, in our view."
"Long AMZN/Short EBAY (Nasdaq: EBAY)...We believe eBay is currently where Yahoo! (Nasdaq: YHOO) was three years ago (changes required in its core business (i.e. display & search), severe loss of market share, management changes, and no major innovations) and Amazon is where Apple (Nasdaq: AAPL) was three years ago(strong traction in core offerings, market share gains, high growth in non-core business, and series of innovations)."
Amazon.com, Inc. (Amazon.com) operates retail Websites, which enables its consumer customers to find and discover anything they might want to buy online.
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