Safa Rashtchy Quotes

It looks like Amazon has guided conservatively for the second-quarter. They're forecasting net sales to grow between 22 and 31 percent. Expectations were for growth of about 33 percent for the quarter.

- Safa Rashtchy

Tags

Amazon | Guided | Conservatively | Quarter | Forecasting |

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I think it's pretty awesome that they can forecast growth of 15 to 23 percent for next year in an advertising market that's still flat. - Safa Rashtchy

It could set back their efforts, but A9 was more of a trial to hedge their bets and have a presence in there. I don't think they will give up on it that easily, but it hasn't produced any major advantages for Amazon and it is still experimental. - Safa Rashtchy

While the stock may have its ups and downs throughout the year, we believe it will reach $600 by the end of 2006 and we prefer to have one 12-month price target rather than raise it every quarter. - Safa Rashtchy