The recent decline in shares of Amazon.com (AMZN) creates a "major buying opportunity," Tigress Financial analyst Ivan Feinseth tells investors in a research note.
The analyst reiterates a Buy rating on the shares and added Amazon to his firm's Research Focus List and Focus Opportunity Portfolio. The company's distribution strength and fulfillment platform is accelerating the growth of its global footprint, contends Feinseth.
Further, he believes Amazon's Prime membership continues to drive its retail expansion as it grows its brick-and-mortar retail presence. He sees "significant upside" potential in the shares.
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