October 26, 2004
SpeculatingStocks.com Stock Pick: Amazon.com, Inc. (AMZN)
Stock Price: $33.97 (long-term strong buy)
Amazon.com Inc. is an online retailer offering a wide-range of products sold through conventional online methods and auctions.
AMZN now appears oversold after disappointing 2005 guidance.
The stock hasn't been this low since July of 2003. AMZN later ran to 52-week high of $61.15.
We believe Amazon will find ways to expand into new areas and hit on the high end of their growth range for next year.
SpeculatingStocks.com Target Price: AMZN could easily run to $50 by the end of January.