Amazon.com (AMZN) PT Raised to $230 at Truist Securities

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Go back to Amazon.com (AMZN) PT Raised to $230 at Truist Securities

Amazon a top pick at Bernstein ahead of eCommerce earnings

July 22, 2024 11:00 AM EDT

As the eCommerce earnings season approaches, Bernstein has identified Amazon (NASDAQ: AMZN) as its top pick, citing the company's operational income (OI) inflection. Bernstein analysts emphasize the need for growth in the eCommerce sector, noting that while Amazon shows promise, other companies struggle to gain momentum.

"We've been here before," says Bernstein, reflecting on the familiar mixed data landscape for eCommerce. They note that US eCommerce grew approximately 7% year-over-year in... More