Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022_老虎社区_美港股上老虎

Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022

TheStreet2021-12-28

Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022. So far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Khoo12
·2021-12-28
Yes
回复
点赞
举报
SPOT_ON
·2021-12-28
Why overvalued amazon when super undervalued alibaba has.more potential
回复
2
举报
dahae
·2021-12-28
Qqq
回复
1
举报
收起
- dahae:
  Sss
  2021-12-28
  回复
  举报

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1192124660?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-12-28 14:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1192124660","market":"us","top_or_hot":-1,"title":"Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022","media":"TheStreet","content":"<div>\nCowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock ...\n\n<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 14:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022>TheStreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nCowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock ...\n\n<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022","article_id":"1192124660","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192124660","pubTimestamp":1640672173,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will acce","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊"},"translate_title":"亚马逊股票：为什么它是考恩公司2022年的头号大市值选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":0.9},"content_text":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock needed to rebuild momentum.\nShares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.\nThe market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.\nThis time it’s Cowen & Co. analyst John Blackledge, who raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.\nE-commerce Will Improve in the Second Quarter\nAccording to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen & Co. estimates gross merchandise value to grow 16% year over year.\nIn the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.\nThe firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen & Co. raised both its back-half 2022 numbers and long-term figures.\nBlackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.\n\n “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote.\n\n\n \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\"\n\nIncreasing Businesses, Decreasing Expenditures\nBlackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.\nSince both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.\nBlackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.\nA $4,500 Scenario?\nSince 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.\nAs the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":696664901,"gmtCreate":1640685096698,"gmtModify":1640685637341,"author":{"id":"3564738902623228","authorId":"3564738902623228","name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3564738902623228","idStr":"3564738902623228"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696664901","repostId":1192124660,"repostType":4,"repost":{"id":"1192124660","kind":"news","pubTimestamp":1640672173,"share":"https://www.laohu8.com/m/news/1192124660?lang=zh_CN&edition=full","pubTime":"2021-12-28 14:16","market":"us","language":"en","title":"Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192124660","media":"TheStreet","summary":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will acce","content":"Cowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-12-28 14:16\n\n</h4>\n</header>\n<article>\nCowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192124660","content_text":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock needed to rebuild momentum.\nShares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.\nThe market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.\nThis time it’s Cowen & Co. analyst John Blackledge, who raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.\nE-commerce Will Improve in the Second Quarter\nAccording to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen & Co. estimates gross merchandise value to grow 16% year over year.\nIn the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.\nThe firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen & Co. raised both its back-half 2022 numbers and long-term figures.\nBlackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.\n\n “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote.\n\n\n \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\"\n\nIncreasing Businesses, Decreasing Expenditures\nBlackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.\nSince both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.\nBlackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.\nA $4,500 Scenario?\nSince 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.\nAs the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696635845,"gmtCreate":1640678607839,"gmtModify":1640678613783,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582922989777578","idStr":"3582922989777578"},"htmlText":"Why overvalued amazon when super undervalued alibaba has.more potential&nbsp;","listText":"Why overvalued amazon when super undervalued alibaba has.more potential&nbsp;","text":"Why overvalued amazon when super undervalued alibaba has.more potential","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696635845","repostId":1192124660,"repostType":4,"repost":{"id":"1192124660","kind":"news","pubTimestamp":1640672173,"share":"https://www.laohu8.com/m/news/1192124660?lang=zh_CN&edition=full","pubTime":"2021-12-28 14:16","market":"us","language":"en","title":"Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192124660","media":"TheStreet","summary":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will acce","content":"Cowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-12-28 14:16\n\n</h4>\n</header>\n<article>\nCowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192124660","content_text":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock needed to rebuild momentum.\nShares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.\nThe market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.\nThis time it’s Cowen & Co. analyst John Blackledge, who raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.\nE-commerce Will Improve in the Second Quarter\nAccording to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen & Co. estimates gross merchandise value to grow 16% year over year.\nIn the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.\nThe firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen & Co. raised both its back-half 2022 numbers and long-term figures.\nBlackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.\n\n “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote.\n\n\n \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\"\n\nIncreasing Businesses, Decreasing Expenditures\nBlackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.\nSince both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.\nBlackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.\nA $4,500 Scenario?\nSince 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.\nAs the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696638888,"gmtCreate":1640678073763,"gmtModify":1640678073929,"author":{"id":"3560092322694803","authorId":"3560092322694803","name":"dahae","avatar":"https://static.tigerbbs.com/137beae1f6048901843924ba46796740","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3560092322694803","idStr":"3560092322694803"},"htmlText":"Qqq","listText":"Qqq","text":"Qqq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696638888","repostId":1192124660,"repostType":4,"repost":{"id":"1192124660","kind":"news","pubTimestamp":1640672173,"share":"https://www.laohu8.com/m/news/1192124660?lang=zh_CN&edition=full","pubTime":"2021-12-28 14:16","market":"us","language":"en","title":"Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192124660","media":"TheStreet","summary":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will acce","content":"Cowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock: Why It's Cowen & Co.'s Top Mega-Cap Pick for 2022<blockquote>亚马逊股票：为什么它是Cowen&amp;Co.2022年首选大型股</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-12-28 14:16\n\n</h4>\n</header>\n<article>\nCowen &amp; Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.<blockquote>Cowen&amp;Co.分析师John Blackledge看好亚马逊。他的主要原因？2022年电商增长再次加速。</blockquote> So far, the 2021 holiday season has not been the catalyst Amazon&nbsp;(AMZN)&nbsp;stock needed to rebuild momentum.<blockquote>到目前为止，2021年假期还没有成为亚马逊（AMZN）重建势头所需的股票。</blockquote> Shares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is&nbsp;unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.<blockquote>上周四（12月23日）股价收于3,421美元，比30天前的交易价格下跌约4%。这并不令人印象深刻，而且亚马逊今年迄今为止的总业绩还不到5%——即使在过去几天的“迷你反弹”之后。</blockquote> The market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.<blockquote>市场可能会对这家电商巨头持怀疑态度。但华尔街顶级分析师非常看好其股票。</blockquote> This time it’s Cowen &amp; Co. analyst John Blackledge, who&nbsp;raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.<blockquote>这一次是Cowen&amp;Co.分析师John Blackledge将亚马逊的目标价从4,300美元上调至惊人的4,500美元，上涨了32%。让我们深入研究他的论文。</blockquote> E-commerce Will Improve in the Second Quarter<blockquote>第二季度电商将有所改善</blockquote> According to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen &amp; Co. estimates gross merchandise value to grow 16% year over year.<blockquote>Blackledge先生表示，在线零售业应该会在2022年第二季度开始加速发展。这应该会推高亚马逊的销售额——Cowen&amp;Co.估计商品总价值将同比增长16%。</blockquote> In the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.<blockquote>与此同时，分析师还认为亚马逊将提高其电子商务利润率，这应该会推高股价。</blockquote> The firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen &amp; Co. raised both its back-half 2022 numbers and long-term figures.<blockquote>该公司对亚马逊高于平均水平的估值也得到了其高于共识的预测的支持：Cowen&amp;Co.上调了2022年下半年的数据和长期数据。</blockquote> Blackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.<blockquote>Blackledge押注亚马逊2022年收入将比普遍预期增长1%，营业收入将增长6%，每股收益将增长10%。</blockquote> “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote. \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\" Increasing Businesses, Decreasing Expenditures<blockquote>Blackledge写道：“亚马逊股价的市盈率为18倍（息税折旧摊销前收益），略低于其历史区间的中点。”“我们认为，随着基本面的改善，AWS和广告明年将再次强劲，[因此]我们可以实现倍数扩张，这就是为什么亚马逊是我们最大的巨型股赌注。”增加业务，减少支出</blockquote> Blackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.<blockquote>布莱克利奇还认为，市场没有考虑到该公司亚马逊网络服务（AWS）和广告部门的增长。</blockquote> Since both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.<blockquote>由于这两个细分市场预计未来都将继续扩张，我们可能会突然看到亚马逊的股价从2021年的滞后中恢复过来。</blockquote> Blackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.<blockquote>Blackledge补充说，亚马逊不应该在2022年增加运营费用。他表示，该公司在2021年已经“投入了大量资金”。事实上，分析师相信，如果提高Prime会员的价格，该公司将开始提高盈利能力。</blockquote> A $4,500 Scenario?<blockquote>4500美元的场景？</blockquote> Since 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.<blockquote>自2018年以来，亚马逊将其履行网络增加了一倍多，增强了其一日/当天交付能力，并改进了其Prime视频目录。另一方面，投资者认为亚马逊的利润率在2021年受到了打击，这主要是由于劳动力成本上升和工资上涨。</blockquote> As the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.<blockquote>随着公司消化这些额外的运营费用并远离2020年的业绩，Blackledge相信亚马逊的股票最终将重新获得牵引力。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/amazon/news/amazon-stock-why-its-cowen-co-s-top-mega-cap-pick-for-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192124660","content_text":"Cowen & Co. analyst John Blackledge is bullish on AMZN. His main reason? E-commerce growth will accelerate again in 2022.\nSo far, the 2021 holiday season has not been the catalyst Amazon (AMZN) stock needed to rebuild momentum.\nShares closed at $3,421 last Thursday (December 23), around 4% less than their trading price 30 days earlier. That is unimpressive, and AMZN's total performance year-to-date is less than 5% — even after the \"mini rally\" of the past few days.\nThe market may be skeptical about the e-commerce titan. But Wall Street’s top analysts are heavily bullish on its stock.\nThis time it’s Cowen & Co. analyst John Blackledge, who raised his target price for Amazon from $4,300 to an astonishing $4,500— a 32% upside. Let's dive into his thesis.\nE-commerce Will Improve in the Second Quarter\nAccording to Mr. Blackledge, the online retail industry should start accelerating by the second quarter of 2022. This should push Amazon’s sales higher — Cowen & Co. estimates gross merchandise value to grow 16% year over year.\nIn the meantime, the analyst also believes Amazon will improve its e-commerce margins, which should send price shares higher.\nThe firm’s higher-than-average valuation for Amazon is also supported by its above-consensus projections: Cowen & Co. raised both its back-half 2022 numbers and long-term figures.\nBlackledge is betting that Amazon’s 2022 revenue will grow 1% above consensus estimates, as well as pulling in 6% higher operating income and 10% higher earnings per share.\n\n “With Amazon shares trading at 18 times [earnings before interest, taxes, depreciation, and amortization], it is slightly below the midpoint of its historical range,\" Blackledge wrote.\n\n\n \"[W]e think, with the improving fundamentals, AWS and advertising will be robust again next year, [so] we could get multiple expansion, and that’s why Amazon is our top mega-cap bet.\"\n\nIncreasing Businesses, Decreasing Expenditures\nBlackledge also believes the market hasn't taken into account growth in the company's Amazon Web Services (AWS) and advertising divisions.\nSince both segments are projected to keep expanding in the future, we could suddenly see Amazon's stock price correct from its 2021 lag.\nBlackledge added that Amazon should not increase its operating expenses in 2022. He said the company already “invested so much” throughout 2021. In fact, the analyst is confident the company will start increasing profitability if it hikes up the price of Prime membership.\nA $4,500 Scenario?\nSince 2018, Amazon has more than doubled its fulfillment network, bolstered its one-day/same-day delivery capabilities, and improved its Prime Video catalog. On the other hand, investors saw Amazon's margins take a hit in 2021, mostly due to higher labor costs and increased wages.\nAs the company digests these extra operating expenses and moves away from 2020 comps, Blackledge is confident that Amazon's stock will finally regain its traction.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7126541,"gmtCreate":1640678082098,"gmtModify":1640678082128,"authorId":3560092322694803,"author":{"id":3560092322694803,"idStr":"3560092322694803","authorId":3560092322694803,"name":"dahae","avatar":"https://static.tigerbbs.com/137beae1f6048901843924ba46796740","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":696638888,"type":1,"supId":0,"prevId":0,"content":"Sss","text":"Sss","html":"Sss"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":22,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}