The dominant e-commerce platform has a momentum score, measuring 12-month and one-month relative strength, of 53%, and its earnings estimates have risen 17% since the end of March.
Footwear maker Deckers also made the cut, with a 73% momentum score and a 6% swing in upward earnings revisions.
Sports betting stock DraftKings also appeared on the Wolfe screen, with a 73% momentum score and a 270% increase in earnings estimates since the end of March.
The majority of analysts polled by LSEG have a buy rating with a price target suggesting shares can surge more than 38%.
But he called those worries "overdone" while pointing to earnings upside as a catalyst for shares to continue rallying.
Persons:
Chris Senyek, Russell, Joseph Civello, Wolfe, Morgan Stanley's Stephen Grambling
Organizations:
Wolfe Research, Wolfe, LSEG, Amazon, Truist Securities, Sports, Grambling
Locations:
California, Illinois