Our optimism is tempered by a market valuation that assumes unrealistic long-term expectations.
Our fair value estimate for the wide-moat firm remains intact, and shares are modestly undervalued.
Amid calls for tech breakups, should investors adopt alternative approaches to valuation?
A strong network effect makes for a wide moat for this 4-star stock.
We're more optimistic about its medium-term potential and have raised our fair value estimate.
We view Amazon as one of the most attractive names in online commerce.
We're planning to increase our $2,200 fair value estimate for the wide-moat firm.
We have confidence in our long-term forecast and see no changes to our fair value estimate for the narrow-moat firm.