"We believe Amazon continues to show strong ability to take share of overall eCommerce, and its flexibility in pushing first-party versus third-party inventory is a major advantage compared with other retailers," the firm wrote in a note released earlier today.
The e-commerce giant remains a "share gain story" in electronics and general merchandise as well as media, and the company's recent Amazon Web Services disclosure demonstrates that segment profitability surpassed expectations, JPMorgan added.
The firm has an "overweight" rating on shares of the Seattle-based company.
(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial.)
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
Amazon.com's strengths such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: AMZN
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.