Amazon Analysts Predict Upside For Stock Into Q2 Earnings: 'Prior Headwinds ... Turn Into Tailwinds'

Quick Summary:

Khajuria’s bull case for Amazon is centered around Amazon Web Services (AWS) growth acceleration, margin expansion and retail share gains.“In terms of near-to-mid-term fundamentals, we like the 2024 setup for Amazon,” the analyst said in a new note.“We expect accelerating Y/Y growth at AWS this year, ongoing Retail margin expansion, share gains in eCommerce driven by faster delivery speeds and mix-shift to everyday essentials, and new growth catalysts in the form of Prime Video, Grocery, and Amazon Logistics—to name a few.”

The Wolfe Research analyst said AWS growth is poised to trend higher driven by rising consumption, generative AI product adoption and secular tailwinds.

See Also: Amazon Faces FTC Inquiry Over AI Talent Acquisition From Adept

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Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: Previews Reiteration Top Stories Expert Ideas Prime Day Earnings US0231351067 Trading Ideas Price Target E-commerce AI Stories That Matter Initiation AWS Tech Analyst Color Long Ideas News Benzinga AMZN Analyst Ratings

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Article Type: News Report

Published On: 2024-07-16 @ 19:38:37 (9 hours ago)

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News Source URL: benzinga.com

Language: English

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