- The fact that Amazon has yet to approach its critical mass is reason enough for investors to remain patient. It’s at that point profits will start to matter.
- With the stock trading at around $324 per share, down 20% from its 52-week high of $407, I would be a buyer before this afternoon's report.
- Consider that the highest price target on the stock stands at $500. The way I see it; these shares are a sure-bet to $400, which is arguably too conservative.