Amazon (AMZN) Buy with Prime a $30bn-$50bn opportunity in the US - Bernstein

Amazon.com (AMZN): Buy With Prime a $30-50Bn opportunity in the US - Bernstein

March 29, 2023 7:23 AM EDT

Bernstein analyst Mark Shmulik reiterated an Outperform rating and $125.00 price target on Amazon.com (NASDAQ: AMZN).

"Buy With Prime a $30-50Bn opportunity in the US attached to $150-200Bn GMV. If BWP works (big if), Amazon could scale BWP... More

AMC Entertainment shares jump on report Amazon exploring a deal

March 28, 2023 2:51 PM EDT

(Reuters) -Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain.

Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions.

... More

Amazon (AMZN) Likes AMC Entertainment (AMC) as Distressed Asset - FBN, Citing The Intersect

March 28, 2023 1:26 PM EDT

(Updated - March 28, 2023 1:28 PM EDT)

Amazon (NASDAQ: AMZN) Likes AMC Entertainment (NYSE: AMC) as Distressed Asset - FBN, Citing The... More

Amazon loses bid to toss consumer antitrust lawsuit

March 27, 2023 12:31 PM EDT

By Mike Scarcella

(Reuters) - Amazon.com Inc must face consumer claims that its pricing practices artificially drove up the cost of goods sold by other retailers in violation of U.S. antitrust law, a federal judge has ruled.

The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion.

The lawsuit was filed in 2020 by residents... More

Amazon (AMZN) remains Top Pick at Morgan Stanley; Analyst sees over 50% upside potential

March 27, 2023 7:46 AM EDT

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating, a Top Pick designation on Amazon (NASDAQ: AMZN) shares.

The brokers analysis points towards $2.2 billion in annual savings from the latest job cuts, implying a 6% increase to Morgan Stanleys 2024 EBIT estimate of... More

Morgan Stanley reiterates Overweight rating, Top Pick on Amazon.com (AMZN); sees over 50% upside

March 27, 2023 5:33 AM EDT

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).

"We see AMZN's latest 9k headcount reduction leading to ~$2.2bn in annual savings (6% to '24 EBIT). We believe a majority of reductions are from... More