Is AMZN Disrupting Healthcare Digitization?

Overall Consensus

As we can see from TipRanks, AMZN is a top Street pick right now. If we look at only ratings from the best-performing analysts we get the following screenshot:

(Click on image to enlarge)

View AMZN Price Target & Analyst Ratings Detail

This shows that in the last three months a whopping 33 top analysts have published AMZN buy ratings. Only one analyst is staying on the sidelines. Meanwhile their average price target of $2,160 speaks of 28% upside for shares from current levels.

However, Mahaney is even more bullish than the average analyst. His buy rating comes with a $2,300 price target. From current levels this indicates shares could surge 36% in the coming months.

“Even though AMZN has consistently traded at a premium valuation level, its sector-leading forward EPS growth outlook and its high EPS quality (very high FCF conversion) warrant, in our opinion, a considerable market multiple premium” he explains.

This is on top of: one of the best management teams on the internet; material margin expansion; new revenue growth opportunities (as well as healthcare we have consumer staples, apparel, international expansion etc); clear market share gains and a path for more of the same; still significant growth for online retail. In other words-AMZN remains a top stock to keep your eye on.

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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