Credit Suisse analyst Stephen Ju raised the price target on Amazon.com (NASDAQ: AMZN) to $2,200.00 (from $2,100.00) while maintaining a Outperform rating after the company reported 1Q19 results with revenue of $59.7b, +19% on an FX neutral basis vs the analyst's estimate of $59.1b,

The analyst stated "In our view the most important takeaway was the Prime free shipping terms pushing down to 1 day delivery from the current 2 day starting in April. Amazon has been consistently pushing the boundaries on
its shipping offering to the consumer, as competing merely on price is an unsustainable strategy, whereas the ability to improve delivery terms takes time. While the US will be the first to see the faster delivery service, International territories should be not too far behind. Incremental outbound shipping costs (to be recognized in Cost of Sales) will be around ~$800mm. We like this aggressive move to press its logistic footprint advantage as this places Amazon on the path to return more sharply to the growth side of the growth versus profitability balance".