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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.28+0.5%1:02 PM EST

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To: Olu Emuleomo who wrote (141011)3/28/2002 9:26:10 AM
From: H James Morris  Read Replies (3) of 164684
 
>>Amazon is overvalued by 48%, analyst warns
Lehman Brothers Inc. analyst Holly Becker says Amazon.com Inc. shares may be overpriced by almost half. What she won't say is that investors should sell.

In a note to clients titled "Taking a Fresh Look," Becker questioned whether Seattle-based Amazon can repeat its "remarkable" fourth-quarter earnings of $5.1 million, the largest Internet retailer's first-ever quarterly profit. As a result, the stock may be as much as 48 percent overvalued, she calculated.

Becker kept her "market perform" rating, in place since July 2000, meaning she expects the shares to perform within 5 percentage points of their market benchmark. Of the 24 Wall Street analysts tracked by Bloomberg who cover Amazon, 10 rate it a "buy," 12 say "hold" and two rate it "sell." Amazon's stock, up 32 percent this year, fell 58 cents to $14.25 yesterday.<<
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