Buy Amazon.com (AMZN) on Weakness -Soleil

Soleil Securities Group is out with a note today recommending that investors buy shares of Amazon.com (Nasdaq: AMZN) on this mornings weakness. Shares of Amazon are down about $3.46, or about 4.3%, to $77.54 in pre-market trading. Soleil currently has a Buy rating and $112 price target, which is the Street high target among analysts.

Following yesterday's Q1 earnings beat, the firm believes the market is putting pressure on Amazon shares "unjustly... given the company's long-term growth and margin opportunities..." Soleil called Amazon's 37% revenue growth "impressive".

Notably, Soleil's $112 price target on Amazon represents a potential gain of 43% from where it is trading this morning.

Amazon.com, Inc. operates retail Web sites, as well as provides programs that enable third parties to sell their products on its Web sites in North America and internationally. [BCS]