Amazon's Innovation And Its Financial Implications: Can The Tech Giant's Planned Free Mobile Service Drive Its Share Price To 200?
Portfolio Pulse from Zaheer Anwari
Amazon is in talks with major telecom companies to provide cost-effective or free mobile phone services to its Prime subscribers in the US. The stock has surged by 47% this year and shows bullish momentum, with the potential to reach or surpass its all-time high of $188.
June 07, 2023 | 5:12 pm
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Amazon's potential entry into the telecom industry could drive its stock price to new heights, possibly surpassing the $200 psychological resistance.
Amazon's talks with major telecom companies to provide cost-effective or free mobile services to Prime subscribers could revolutionize the telecom industry and enhance its market standing. The stock has already surged by 47% this year, and this move could potentially drive the stock price to new heights, surpassing its all-time high of $188 and possibly even the $200 psychological resistance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100