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JPMorgan analyst reaffirms Amazon stock as best idea

Yahoo Finance Live’s Brian Sozzi discusses a JPMorgan analyst note that reiterated that Amazon stock is the best idea for investors based on e-commerce growth.

Video Transcript

- All right. Before we head to break, for a quick break, we're keeping an eye on shares of Amazon. Off a bullish JPMorgan note making the rounds here this morning, JP Morgan analyst Doug Anmuth says Amazon remains his best idea and it shows in his price target that assumes a 40% upside in the stock price.

Says Anmuth, "Amazon's revenue growth should also reaccelerate in the second half of the year as comparisons ease and Amazon gains further market share in key under-penetrated categories such as grocery, consumer-packaged goods, apparel and accessories, and furniture and appliances."