Should You Buy Amazon Stock?
Retail sales are migrating to the internet at an accelerated pace -- and Amazon.com (NASDAQ: AMZN) stands to benefit.
So says Morgan Stanley analyst Brian Nowak. On Monday, Nowak reiterated his "overweight" rating on Amazon's shares and raised his target price from $2,600 to $2,800. His new target implies potential gains of approximately 14% for investors, based on Amazon's current price of $2,463.
Amazon's stock is a great way for you to profit from rapidly growing e-commerce sales, according to Morgan Stanley analyst Brian Nowak. Image source: Getty Images.
Source Fool.com