Amazon is poised to improve its retail margins, but one analyst says Wall Street isn’t bullish enough about that potential.
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Loop Capital analyst Rob Sanderson continues to feel upbeat about Amazon.com Inc.’s stock despite its near-50% rally on the year — so much so that he’s now the most bullish analyst who covers the stock.
Sanderson lifted his price target on Amazon shares AMZN, -0.11% to $180 from $140 Thursday, with his new target the highest among those listed by FactSet. Shares closed Wednesday at $124.83.
Though Wall Street has been banking on Amazon’s ability to recognize improved retail margins, Sanderson said that consensus expectations are “very wrong” in how they model the recovery potential.
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