Amazon 'Relatively Insulated' In Retail Segment, Analysts Bullish About Growth In AWS: AI Contribution To Watch Out For
Portfolio Pulse from Kaustubh Bagalkote
Analysts at Wedbush Securities are optimistic about Amazon's (NASDAQ:AMZN) prospects, citing strong performance in the retail segment, rising operating margins, and growth in Amazon Web Services (AWS). They have set a 12-month price target of $225 and maintained an Outperform rating. AWS is expected to grow over 18% year-over-year in Q2, with AI contributions being a key focus. Despite some concerns about Q2 revenue guidance and Prime Day results, analysts believe Amazon is relatively insulated from competitive threats and continues to gain market share.
July 26, 2024 | 9:06 am
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POSITIVE IMPACT
Wedbush analysts are optimistic about Amazon's prospects, citing strong retail performance, rising operating margins, and AWS growth. They set a 12-month price target of $225 and maintained an Outperform rating.
The positive outlook from Wedbush analysts, including a price target of $225 and an Outperform rating, is likely to boost investor confidence in Amazon. The expected growth in AWS and AI monetization further supports a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Wedbush analysts view the strength of Google's Cloud segment as a positive sign for AWS, indicating a healthy competitive environment in the cloud services market.
The positive performance of Google's Cloud segment is seen as a beneficial indicator for AWS, suggesting a robust market for cloud services. This could positively impact Google's stock as well.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Wedbush analysts view the strength of Google's Cloud segment as a positive sign for AWS, indicating a healthy competitive environment in the cloud services market.
The positive performance of Google's Cloud segment is seen as a beneficial indicator for AWS, suggesting a robust market for cloud services. This could positively impact Google's stock as well.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50