With the recent Disney-ABC agreement, the deal promises to add further meat to Amazon's 13,000 movies and TV shows on Prime Instant Video. We have a revised price estimate of $233 for Amazon's stock, which is currently around 15% above the current market price. We have maintained our estimates despite a difficult business environment as we believe the expected sales from merchandise and media should offset the decline in operating margin forecasts.
Comment on Amazon Stock Primed For Climb To $230 Through The (Kindle) Cloud
Trefis Team, Forbes
Fri, 11/18/2011 - 9:43am
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