Amazon 'Relatively Insulated' In Retail Segment, Analysts Bullish About Growth In AWS: AI Contribution To Watch Out For

Quick Summary:

Wedbush expects AWS growth of over 18% year-over-year in the second quarter, above the consensus of over 16.9%.“During the call, we will be listening for commentary related to AI’s contribution to AWS as well as the broader business,” analysts wrote.

What Happened: Ahead of Amazon’s second-quarter results, scheduled to be released on Aug.1, Wedbush analysts have laid out their bull thesis for the company with a price target of $225 in 12 months.

Analysts at Wedbush Securities have sounded an optimistic note about Amazon.com Inc.’s (NASDAQ:AMZN) prospects, thanks to its performance in the retail segment.

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Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United StatesTaiwan

Topics: Markets AWS AMZN Analyst Color US38259P5089 GOOG News Dan Ives Wedbush Securities GOOGL Amazon Web Services Benzinga Kaustubh Bagalkote Reiteration US0231351067 Benzinga neuro Price Target US38259P7069 Equities Analyst Ratings Tech Cloud

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-07-26 @ 09:06:24 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Benzinga

News ID: 21782479

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