Amazon Analysts Predict Upside For Stock Into Q2 Earnings: 'Prior Headwinds ... Turn Into Tailwinds'
Portfolio Pulse from Adam Eckert
Analysts are optimistic about Amazon (NASDAQ:AMZN) heading into Q2 earnings, citing AWS growth, margin expansion, and retail share gains. Prime Day is expected to boost Q3 results, while Q2 earnings are anticipated to reflect positive trends in AI and cost controls.
July 16, 2024 | 7:38 pm
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Analysts are optimistic about Amazon's stock heading into Q2 earnings, driven by AWS growth, margin expansion, and retail share gains. Prime Day is expected to boost Q3 results, while Q2 earnings are anticipated to reflect positive trends in AI and cost controls.
Multiple analysts have given positive ratings and increased price targets for Amazon, citing strong growth in AWS, margin expansion, and retail share gains. Prime Day is also expected to contribute positively to Q3 results.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100