Amazon Prime Day sales to hit record $14 billion, data firm says
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July 17, 2024 6:12 AM EDT
Needham analyst Bernie McTernan raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.
The analyst comments "Our AMZN investment thesis is that: a) it is a Services company with rapidly expanding margins, and a... More
July 16, 2024 10:56 AM EDT
Goldman Sachs analysts have raised their outlook for Amazon (NASDAQ: AMZN) stock, citing an anticipated increase in operating income driven by stronger margins.
In their recent note, the analysts highlighted three key factors likely to influence Amazon's upcoming Q2 2024 operating results: the overall health of the consumer market, Amazon's ability to enhance its operating income margins, and the growth trajectory of AWS revenue.
Goldman Sachs said Amazon's eCommerce... More
July 15, 2024 9:00 AM EDT
Amazon's (NASDAQ: AMZN) upcoming Prime Day, set for July 16 to 17, promises to be a shopping spectacle featuring "millions" of deals across 35+ categories, according to a note from Bank of America.
While the two-day event will offer deep discounts on a wide range of products, including exclusive deals on high-demand items like Sony headphones and Peloton products, the bank says the real story might be the early bird deals.
Bank of... More
