S&P 500 climbs as Alphabet leads rally in tech
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July 17, 2023 4:55 PM EDT
Amazon (NASDAQ: AMZN) New Top Pick at New Street
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July 14, 2023 8:30 AM EDT
Citi analyst Ronald Josey told investors in a note Friday that the firm is incrementally positive on Amazon's (NASDAQ: AMZN) e-commerce business after what they believe are "relatively positive results" from Amazon's annual Prime Day event held from July 11 to 12.
Amazon said on Thursday that this year's Prime Day event was bigger than ever, with Prime members purchasing more than 375 million items.
It was the "single largest sales day in company history,"... More
July 13, 2023 3:40 PM EDT
Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: We estimate that Amazon generated approx. $11.9B in GMV and $6.2B in Revenue over its two-day Prime Day shopping holiday, accounting for 4-5% of our Q3 AMZN Revenue estimate. We view these results as modestly better than we would have assumed (vs. the past two years of mgmt. disclosures of 400bps contribution to Revenue). Reit Outperform & $150 PT. AMZN remains one of our top Large Cap Net... More
