Amazon's US GMV Growth Could Surpass Estimates: Credit Suisse Analyst
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Stephen Ju reiterates an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $142.00. Ju's analysis suggests Amazon's US GMV growth is accelerating share gains, with potential upside to U.S. GMV estimates for the balance of 2023.
June 16, 2023 | 6:25 pm
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Credit Suisse analyst Stephen Ju reiterates an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $142.00, citing accelerating US GMV growth and potential upside to U.S. GMV estimates for the balance of 2023.
The analyst's reiteration of an Outperform rating and a price target of $142.00 for Amazon is based on the company's accelerating US GMV growth and potential upside to U.S. GMV estimates for the balance of 2023. This positive outlook on Amazon's growth could lead to an increase in the stock price in the short term.
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