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Last Updated : Oct 04, 2011 08:20 AM IST | Source: Tech2.com

Amazon placed to thrive in mild recession: Stifel

Amazon.com Inc's low cost model and steady growth rate will ensure that the online retail giant will do very well even if there is a mild recession in the United States ...


Amazon.com Inc's low cost model and steady growth rate will ensure that the online retail giant will do very well even if there is a mild recession in the United States, analysts at Stifel Nicolaus said, upgrading the company to "buy". The largest Internet retailer has seen sales jump steadily over the years on demand for its Kindle electronic reader and other electronics. It recently launched its much anticipated tablet for $199, hoping to compete with industry leader Apple Inc's iPad. "We are more comfortable that Amazon can continue to grow more than 30 percent organically for the next two years, even in a low or no-growth environment," Stifel analysts wrote in a note to clients. The analysts also said Amazon's cloud computing and eBooks business should add slightly-higher margin growth over the next few years.

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First Published on Oct 4, 2011 08:20 am
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