Another sell-sider climbs on board Amazon; shares +1.3%

|By:, SA News Editor

“Leveraging its U.S. playbook, we expect international market expansions to drive Amazon’s long-term growth,” says Needham's Kerry Rice, upgrading Amazon (AMZN +1.3%) to Buy from Hold. The $1K price target suggests nearly 12% upside from Friday's close.

He sees the company as having several multi-billion dollar total addressable market opportunities, among them advertising, groceries, and home services.