AWS Unveils AppFabric: An Exciting Product in Generative AI and Workflow Integration, Says Analyst
Portfolio Pulse from Anusuya Lahiri
Amazon's cloud subsidiary, AWS, has launched AppFabric, a no-code service that integrates SaaS apps. The product is expected to reduce customer churn by increasing exit costs. AWS plans to launch an AI assistant by the end of the year, which will be able to convert email threads or Slack conversations into an Asana task list. Needham analyst Laura Martin maintains a Buy rating on Amazon, raising the price target from $120 to $150.
June 28, 2023 | 3:34 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The launch of AWS's AppFabric and the planned AI assistant could boost Amazon's value. Needham analyst Laura Martin maintains a Buy rating on Amazon and raises the price target from $120 to $150.
The launch of AppFabric, a product that integrates SaaS apps and reduces customer churn, could increase Amazon's value. The planned AI assistant, which can convert email threads or Slack conversations into an Asana task list, could also add value. Needham analyst Laura Martin's maintained Buy rating and increased price target reflect this potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100