New York, September 24 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Amazon.com Inc (NASDAQ: AMZN). The 12-month target price has been raised from $265 to $305.
In a research note published on September 21, the analyst mentions that Amazon.com carries on gaining share at a quick speed and it manages just about 20 percent of US e-commerce and less internationally to some extent.
Furthermore, it seems that over the next decade, AMZN has a feasible path to augment revenue ten-fold being the only large cap company in the coverage universe. In addition to this, the vital metric FCF yield is closer to the group average at 25x 2103, although shares of the company trade at a premium to the peer universe on P/E and EV/EBITDA.
Moreover, Amazon is a name in the bucket of high-multiple for which, analysts are eager to pay up for with gross profit growth excluding – foreign exchange accelerating considerably (the new “top-line”) in the present year and just 30 percent growth factored into the consensus for 2013 and 2014.
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