's (AMZN) High Margin Businesses Offset the Retail Miss - Jefferies

July 30, 2021 8:31 AM EDT
Get Alerts AMZN Hot Sheet
Price: $3,425.52 +0.28%

Rating Summary:
    55 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Jefferies analyst Brent Thill reiterated a Buy rating and $4,200.00 price target on (NASDAQ: AMZN) after the company reported a rare miss with Revenue coming in 2% light. The highest margin businesses accelerated again in 2Q, while core-Retail decelerated from difficult comps and increased mobility.

The analyst stated "Despite 3Q revenue guidance coming in below consensus, our revised estimates imply core-Retail growth will remain above pre-pandemic levels on a 2-year basis. We are reducing 2021 Sales growth from 27% to 22%, as higher estimates for AWS/Adv are more than offset by lower estimates for core-Retail".

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

Shares of closed at $3599.92 yesterday.

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