In comparison, Keith Benjamin of BancBoston Robertson Stephens has two "strong buys, " 14 "buys" and four "holds, " according to First Call data.

FORBES: To be an Internet analyst

Blodget--along with Mary Meeker of Morgan Stanley Dean Witter, Michael Parekh of Goldman Sachs and Keith Benjamin of BancBoston Robertson Stephens--is a member of an elite group of Wall Street Internet pundits who have the power to decide which net-stock is worthy of investors' money.

FORBES: To be an Internet analyst

"Amazon has become the default name when you think of buying on the Net, " says Keith Benjamin, an Internet analyst with BancAmerica Robertson Stephens in San Francisco.

FORBES: Does Amazon.com really matter?