(AMZN) SOTP Worth $5700, But Sees Shares 'Range Bound' Near-Term - Jefferies

April 12, 2021 4:13 PM EDT
Get Alerts AMZN Hot Sheet
Price: $3,306.37 +1.10%

Rating Summary:
    55 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 11 | New: 10
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(Updated - April 12, 2021 4:16 PM EDT)

Jefferies analyst Brent Thill reiterated a Buy rating and $4,000.00 price target on (NASDAQ: AMZN) but said a SOTP parts gets to a value of $5,700.

Thill commented, "We expect AMZN will return to outperformance once the market gains clarity on the near-term trajectory of core Retail, supported by attractive growth at higher margin business (AWS/Ads)."

He added, "That said, we believe overall revenue growth is a key driver of stock performance and would not be surprised if AMZN remained range-bound until moving past the first difficult compare in Q1. Our updated AMZN SOTP supports ~70% upside over the next 3 yrs (~19% CAGR)."

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $3372.20 yesterday.

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