After a disappointing Q3 report, Amazon shares (AMZN) – Get the Amazon.com, Inc. Review suffered on short-term constraints that outweighed arguably more robust long-term fundamentals for the company. As we move away from the tough competition in 2020, JP Morgan’s thesis could come to fruition: investors might be ready to own AMZN as the holiday season approaches.

Tigress Financial’s Ivan Feinseth fueled the bullish fire. Not only has the analyst reiterated his Buy recommendation, but also raised his price target to $ 4,460 from $ 4,370 – one of the highest among the 29 Wall Street analysts covering Amazon stocks. Below are the key factors that justify Mr. Feinseth’s optimism.

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