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shared by Oliver Ding on 21 May 08 - Cached

The country's leading online retailer has been doing a lot of things right lately, and Goldman Sachs' James Mitchell thinks that the future will only get better for Amazon. He sees sales growing at an annualized clip of more than 20% over the next decade. The buy rating on Goldman's conviction list pegs a $98 price target on the stock.
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1. Retail's weakness is Amazon's gain
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2. Amazon is a triple threat in digital delivery
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3. Nobody knows their customers like Amazon
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4. Compounding magic is Amazon's friend
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Let's put Mitchell's 20% clip in action. Net sales clocked in at $14.84 billion last year. If Amazon's top line grows at a 20% rate, we're talking about nearly $92 billion come 2017. And keep in mind that Mitchell sees that as the floor. If Amazon is able to grow at a 25% annualized rate, we would be looking at $138 billion in net sales in nine years.
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shared by Oliver Ding on 21 May 08 - Cached

Goldman analyst James Mitchell set a buy rating and $98-a-share target price on Amazon's stock, saying the company has been doing well by exploring business routes aside from its traditional online methods such as the Kindle, an electronic book-reading device.
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Mitchell said Amazon is seen as being able to sustain its revenue growth longer that most other Internet retailers, and that the company's revenue growth rate in the past quarter matched that of Google Inc.
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shared by randie lee on 13 Sep 08 - No Cached

shared by Oliver Ding on 23 Feb 08 - Cached

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