While companies such as Sea Limited and Shopify appear poised to become pillars of this business, the exorbitant multiples could make them less appealing options for new investors. Amazon's massive $1.75 trillion market cap may leave investors wondering whether it offers further significant potential for investors. While a $5,000 investment will likely not turn into millions at this stage, Amazon still holds potential for outperformance. Read More...
Motley Fool
Why Amazon.com, Shopify, and MercadoLibre Stocks Dropped Today
Shares of online retail stocks were taking a beating in Friday trading, with Shopify (NYSE: SHOP) stock falling by 5.2% through 2:37 p.m. EDT, MercadoLibre (NASDAQ: MELI) down by 4.5%, and e-commerce leader Amazon.com (NASDAQ: AMZN) off by 2.3%. As it reported Friday morning, analyst Stephen Ju at Swiss mega-bank Credit Suisse cut his price target on Amazon shares by more than 10% to $4,200, based on his estimate that Amazon will earn only $70.98 per share this year and $79.83 per share next year. Credit Suisse’s new earnings projections reflect a reduction of 12% this year, and a staggering 33% reduction in expectations for 2022.
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