Amazon Is A Buy: Analyst Highlights E-Commerce Leadership, Retail Profitability, AWS Growth As Catalysts
Portfolio Pulse from Anusuya Lahiri
Seaport analyst Aaron Kessler initiated coverage of ten companies within the Internet Sector, including Amazon, Airbnb, DoorDash, and Uber. Kessler gave a Buy rating to Amazon and Uber, with price targets of $145 and $51 respectively, and a Neutral rating to Airbnb and DoorDash. He expects steady Retail growth, continued Retail margin improvement, and accelerating AWS growth for Amazon. For Airbnb, he expects mixed bookings trend with softer U.S. but more robust International trends. For Uber, he expects continued Mobility strength in developed and emerging markets. For DoorDash, he is optimistic about its U.S. leadership position.
October 24, 2023 | 6:51 pm
News sentiment analysis
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NEUTRAL IMPACT
Airbnb received a Neutral rating from Seaport analyst Aaron Kessler. He expects mixed bookings trend with softer U.S. but more robust International trends for Airbnb.
The neutral rating from the analyst, along with the expected mixed bookings trend, could lead to a stable Airbnb's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
DoorDash received a Neutral rating from Seaport analyst Aaron Kessler. He is optimistic about DoorDash's U.S. leadership position.
The neutral rating from the analyst, along with the optimism about its U.S. leadership position, could lead to a stable DoorDash's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amazon received a Buy rating from Seaport analyst Aaron Kessler, with a price target of $145. Kessler expects steady Retail growth, continued Retail margin improvement, and accelerating AWS growth for Amazon.
The positive rating and high price target from the analyst, along with the expected growth in various sectors, could lead to an increase in Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Uber received a Buy rating from Seaport analyst Aaron Kessler, with a price target of $51. He expects continued Mobility strength in developed and emerging markets for Uber.
The positive rating and high price target from the analyst, along with the expected continued Mobility strength, could lead to an increase in Uber's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100