Morningstar just changed their rating on Amazon to a BUY

2021-08-02

Morningstar just changed their rating on Amazon to a BUY (from a hold) and a price target of $4200. They see no cracks in their long term growth story. They see Amazon being well positioned to continue to prosper from the continued secular shift to e-commerce and the Public Cloud of which Amazon is the clear leader. Also highlighted their growth in advertising as a unique value opportunity. Morningstar is the gold standard of ratings. Totally unbiased. Vamos Amazon!$Amazon.com(AMZN)$

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