Amazon.com, Inc. (NASDAQ:AMZN) and Tesla Motors Inc (NASDAQ:TSLA) are the two main companies you must consider for investment.
In a program on CNBC, Brian Sullivan said that Amazon.com, Inc. (NASDAQ:AMZN) is a hot tech stock to buy because investors are extremely bullish on it. Bernstein has also raised the price target for Amazon. The stock price set by Amazon.com, Inc. (NASDAQ:AMZN) is around $600, which is 40% upside from the current price. Sullivan said that Amazon’s web services business is wildly underappreciated. The company recently revealed its AWS Cloud earnings and impressed the experts. Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Jeff Bezos was lashed out in the recent past for his policy of asking for more investment and not being able to deliver results. But time has proved that Amazon’s efforts paid off. It is the largest Cloud company and the growth potential is also huge.
Experts also discussed Tesla Motors Inc (NASDAQ:TSLA) which recently revealed its earnings report. The stock price target is trimmed by investors slightly. The source said that Tesla Motors Inc (NASDAQ:TSLA)’s main concern is still the number of units produced and sold. The company is also looking to scale up its revenue generation. Tesla Motors Inc (NASDAQ:TSLA) has also announced its plans for the battery business, but for now, its focus is cars. Tesla has also shared its plans to sell used cars. This clearly shows that the electric car maker wants to span its grip across diverse customer bases.
Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).