Amazon's Cloud Future Brightens, Analyst Foresees $25B Annual Revenue Opportunity
Portfolio Pulse from Anusuya Lahiri
Mizuho analyst James Lee reiterated a Buy rating on Amazon.Com, Inc (NASDAQ: AMZN) with a price target of $180. Lee is confident about AWS revenue acceleration into FY24 and maintained AMZN as his top pick. He sees significant revenue opportunities at $25 billion per year over the next 5 years. Lee projects 3Q revenue of $141.39 billion vs. consensus of $141.5 billion and EPS of $0.62 vs. consensus of $0.58.
October 03, 2023 | 8:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Amazon's AWS is expected to see significant revenue growth, according to Mizuho analyst James Lee. He maintains a Buy rating on the company and sees a $25 billion annual revenue opportunity.
The news is directly about Amazon and its AWS service. The analyst's positive outlook and Buy rating suggest a potential increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100