Tomahawk, WI 10/10/2014 (Basicsmedia) – Amazon.com, Inc. (NASDAQ:AMZN) Facebook Inc. (NASDAQ:FB) and Google Inc. (NASDAQ:GOOG) are the top tech picks for SunTrust Robinson Humphrey’s, Robert Peck, heading into next year. During an interview on CNBC Peck reiterated that Amazon has a huge upside potential heading into next year, despite being an underperformer when compared to the NASDAQ and S&P 500 average.

Peck remains confident that market fundamentals will work to Amazon.com, Inc. (NASDAQ:AMZN) favor heading into the holiday shopping spree. The analyst believes the stock could clock highs of $380 a share in the coming months.

“When you look at the topline a lot of people are looking for revenues growing around 22% of sales. I think the real topline there is actually gross profit because of the makeshift as far as third party sellers; that’s growing north of 30%. So topline growing north of 30%, Margin is stable; should be able to rise here over the coming quarters,” Said Mr. Peck.

People have remained skeptical in the recent past about Amazon.com, Inc. (NASDAQ:AMZN)’s prospects going forward as the company continues to record shrinking profit margins. Declining profit margins has always been attributed to rampant investments that the company has been pursuing.

“We look therefore for platforms that are very stable, that have long-term trajectory, they are dominant in their spaces hence Facebook Inc. (NASDAQ:FB) Google Inc. (NASDAQ:GOOG) and Amazon being our top three picks. So once not only have they near-term revenue performance you can point to, but also the next generation of revenue you can point to as well, “said Mr. Peck

There were reports earlier in the year that Google Inc. (NASDAQ:GOOG) and Amazon were planning to launch their first ever physical stores. Amazon looks to have moved in front of the pack and is set to unveil its first store in New York Peck believes Amazon should go forth and buy RadioShack stores to use them for distribution purposes.

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