Amazon.com (AMZN) Likely to Benefit from COVID Driven Changing Consumer Patterns - UBS

UBS analyst Eric Sheridan reiterated a Buy rating and $3,000.00 price target on Amazon.com (NASDAQ: AMZN) on the belief that COVID-19 altering the consumer shopping, media consumption & cloud demands will not only benefit from shelter-in-place but also create sustained long-term behaviors that are likely pulling forward prior multi-year industry adoption curves into 20/21.

The analyst stated "We see AMZN as benefitting in terms of rev growth over the near to medium term and see most of the areas of incremental growth (scaled benefits of larger wallet share, 3P (especially FBA) shifts, media consumption, Prime sub, ad & cloud) as all accretive to medium to long term margin structure".

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $2435.00 yesterday.

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