After the remarkable earnings, the investors see big growth in the company.
According to the investment pro Robert Luna, Amazon.com Inc. has the best long-term story in the market. He even gave the positive prediction that by the end of 2017, the e-commerce giant’s shares will hit the mark of $1,000.
Mr. Luna is the CEO and chief investment officer at SureVest Wealth Management. He cited, “This is a company that is basically dominating its marketplace. It’s laying competitors to waste.” He also expressed that for a long term investor, the company is the best choice and according to him, it is that kind of company which should be owned by everybody right now.
Mr. Luna’s comments followed after the bold call made by Chamath Palihapitiya –a venture capitalist –at the Sohn Investment Conference in NewYork on Wednesday. According to the CEO and founder of Social Capital, within span of 10 years, will worth around $3 trillion. He called Amazon to be a “multitrillion-dollar opportunity.”
He further added that in the next decade, just the retail business of the e-commerce giant will worth $1 trillion. Moreover, Amazon Web Service (AWS) will worth close to $1.5 trillion.
Additionally, this week, Jeff Bezos, Amazon CEO, sold over 1 million shares of the e-commerce giant’s stock. The sold shares worth around $671 million. Rumors have it that the timing of the sale was pre-determined. Amazon, however, refused to comment. Also, according to Mr. Luna, Mr. Bezos’ move doesn’t underline any negativity.
After the remarkable first-quarter earnings of the company, it shares soared approximately 14% in couple of days. Amazon stands at the eight position of the most valuable company in the world –has a market capitalization of around $300 billion.
On the contrary, TheStreet.com Research Director, Jack Mohr has opined that in his opinion the e-commerce giant is overvalued. He has said, “You are going to reach a point where the … costs are going to pick up with the revenue. And I really think that people are, first of all, overstating their cloud ability.” He also said that companies like Apple and Spotify have departed from the Amazon platform. Mohr, however, expressed that company’s retail business is not a good investment.
So, will the company be able to accelerate will be uncovered in the future. However, the projections are not impossible to be turned into reality. The company has a strong leadership of Jeff Bezos whose competency had earlier turned $18 billion in operating income to over $200 billion in value.
Currently, at the market which closed on Friday, Amazon.com, Inc.’s stock stood at a price of $673.95. The 52 week range of the stock is $418 to $696.
According to the investment pro Robert Luna, Amazon.com Inc. has the best long-term story in the market. He even gave the positive prediction that by the end of 2017, the e-commerce giant’s shares will hit the mark of $1,000.
Mr. Luna is the CEO and chief investment officer at SureVest Wealth Management. He cited, “This is a company that is basically dominating its marketplace. It’s laying competitors to waste.” He also expressed that for a long term investor, the company is the best choice and according to him, it is that kind of company which should be owned by everybody right now.
Mr. Luna’s comments followed after the bold call made by Chamath Palihapitiya –a venture capitalist –at the Sohn Investment Conference in NewYork on Wednesday. According to the CEO and founder of Social Capital, within span of 10 years, will worth around $3 trillion. He called Amazon to be a “multitrillion-dollar opportunity.”
He further added that in the next decade, just the retail business of the e-commerce giant will worth $1 trillion. Moreover, Amazon Web Service (AWS) will worth close to $1.5 trillion.
Additionally, this week, Jeff Bezos, Amazon CEO, sold over 1 million shares of the e-commerce giant’s stock. The sold shares worth around $671 million. Rumors have it that the timing of the sale was pre-determined. Amazon, however, refused to comment. Also, according to Mr. Luna, Mr. Bezos’ move doesn’t underline any negativity.
After the remarkable first-quarter earnings of the company, it shares soared approximately 14% in couple of days. Amazon stands at the eight position of the most valuable company in the world –has a market capitalization of around $300 billion.
On the contrary, TheStreet.com Research Director, Jack Mohr has opined that in his opinion the e-commerce giant is overvalued. He has said, “You are going to reach a point where the … costs are going to pick up with the revenue. And I really think that people are, first of all, overstating their cloud ability.” He also said that companies like Apple and Spotify have departed from the Amazon platform. Mohr, however, expressed that company’s retail business is not a good investment.
So, will the company be able to accelerate will be uncovered in the future. However, the projections are not impossible to be turned into reality. The company has a strong leadership of Jeff Bezos whose competency had earlier turned $18 billion in operating income to over $200 billion in value.
Currently, at the market which closed on Friday, Amazon.com, Inc.’s stock stood at a price of $673.95. The 52 week range of the stock is $418 to $696.