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Should You Buy Amazon Stock?

TheMotleyFool

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Should You Buy Amazon Stock?Photo, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png

Retail sales are migrating to the internet at an accelerated pace -- and Amazon.com (NASDAQ: AMZN) stands to benefit.

So says Morgan Stanley analyst Brian Nowak. On Monday, Nowak reiterated his "overweight" rating on Amazon's shares and raised his target price from $2,600 to $2,800. His new target implies potential gains of approximately 14% for investors, based on Amazon's current price of $2,463.

Amazon's stock is a great way for you to profit from rapidly growing e-commerce sales, according to Morgan Stanley analyst Brian Nowak. Image source: Getty Images.

Source Fool.com

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