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Cowen analyst calls Amazon top pick for 2019

Published 12/11/2018, 10:59 AM
© Reuters.  Cowen analyst calls Amazon top pick for 2019
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  • Cowen analyst John Blackledge calls Amazon (AMZN +0.8%) his best idea for 2019.
  • The analyst forecasts 17% annual revenue growth for the next five years from drivers that include B2B and emerging markets.
  • Blackledge says AWS "should enjoy years of secular tailwinds driving revenue CAGR of 31 percent from 2019 to 2024 as workloads migrate to the cloud."
  • Blackledge's Amazon target is at $2,250, a 37% upside.
  • Now read: New Ad Kid Amazon Beating Up Facebook (NASDAQ:FB) And Google (NASDAQ:GOOGL)


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