, Inc. (AMZN): Brain Kelly’s Price Target is $360 – $380

0, Inc. (NASDAQ:AMZN) has been generating a lot of news in the last couple of days and looks it is going to generate a lot more in the coming few days. The company launched its prime music streaming with over 1 million songs today. Investors Brian Kelly and Dan Nathan were debating on the prospects of, Inc. (NASDAQ:AMZN)’s stock on CNBC Fast Money yesterday., Inc. (AMZN): Brain Kelly sees it at $360

While Kelly was bullish about the stock, Nathan took the bearish side. Kelly considers that, Inc. (NASDAQ:AMZN)’s biggest issue is that their media growth is slowing down and hence getting less popular. However, the company has a lot of opportunity to generate a lot of news flow as it doesn’t have earnings until mid-July. He also mentioned about Prime being released today and he felt that the streaming music service would compete directly with Pandora, an internet radio service of Pandora Media Inc (NYSE:P).

Kelly also mentioned about the companies, Inc. (NASDAQ:AMZN) is planning to buy (They already bought Comixology earlier this year). Here is his price target for the company:

“I know the stock has moved up, lets call it 15, 16, 20% over the last couple. I still think there is room to move, at least up to $360 -$380”

While Kelly was all bullish about the stock, Nathan started with a little bit of praise for the company and said that though it’s a great company, it doesn’t represent a great stock. He also said that, Inc. (NASDAQ:AMZN) would lose money selling cell phones to people and all that will be at the expense of shareholders money.

Nathan also feels that this is not a good time to buy, Inc. (NASDAQ:AMZN)’s stock as the $340 mark is already very high and it’s not expected to go up.

Disclosure: None

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