What's Going On With Amazon Stock Monday
Portfolio Pulse from Anusuya Lahiri
Amazon is reportedly in talks with telecom operators like DISH Network, Verizon, and T-Mobile US to offer Prime subscribers a $10/month or free service. Wall Street firms remain skeptical due to the high costs and potential FCC regulation. HSBC analyst Adam Fox-Rumley has adjusted price targets for T-Mobile US, Verizon, and AT&T.
June 05, 2023 | 3:40 pm
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NEUTRAL IMPACT
Amazon is in talks with telecom operators for a potential partnership, but Wall Street firms are skeptical due to high costs and potential FCC regulation.
While the potential partnership could attract more Prime subscribers, the high costs and potential FCC regulation make it uncertain how this will impact Amazon's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
DISH Network is one of the telecom operators Amazon is reportedly in talks with for a potential partnership.
The potential partnership could benefit DISH Network, but the skepticism from Wall Street firms and potential regulatory issues make it uncertain how this will impact the stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
T-Mobile US is one of the telecom operators Amazon is reportedly in talks with for a potential partnership. HSBC analyst lowers T-Mobile US's price target from $185 to $165.
The potential partnership could benefit T-Mobile US, but the skepticism from Wall Street firms and potential regulatory issues make it uncertain how this will impact the stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Verizon is one of the telecom operators Amazon is reportedly in talks with for a potential partnership. HSBC analyst lowers Verizon's price target from $42.5 to $39.
The potential partnership could benefit Verizon, but the skepticism from Wall Street firms and potential regulatory issues make it uncertain how this will impact the stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50