Amazon's growth is confirmed by Jefferies Financial Group's SOTP analysis

05 October 2022 298
Amazon's growth is confirmed by Jefferies Financial Group's SOTP analysis

Jefferies analysts have given Amazon (AMZN) stock a "Purchase" recommendation and forecasted a per-share target price of $165.

 

The company's updated SOTP «values AMZN's non-retail business at $1.3 trillion (versus an EV of $1.2 trillion)». «Our SOTP calculates a near-zero Core-Retail value, which results in a $29 per share option at Amazon's current price, because the stock is already priced in the existing effects of inflation, which limits the downside and creates an attractive risk-reward ratio», they explained.



Source: Jefferies.com

This content is for informational purposes only and is not intended to be investing advice.

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