Itâ??s a crucial question to consider ahead of Amazon.comâ??s AMZN +1.67% first-quarter report on Thursday afternoon, where expectations are clearly high. Amazonâ??s shares are trading more than 130 times estimated earnings for the next four quarters â?? about eight times the average multiple for its peer group, according to FactSet data.
And Wall Street clearly sees the stock going much higher. The current range of price targets go from a low of $245 to a high of $370 â?? with $320 at the median, which is more than 20% above the stockâ??s current level.
Read Full Article »