After Amazon's 50% stock surge this year, these factors could spur more gains
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Amazon's stock has surged 50% this year, and a TD Cowen analyst believes further gains are possible. The analyst highlights potential growth in Amazon's penetration of lower-priced household goods and accelerating revenue from its AWS cloud business as key factors.
December 12, 2024 | 11:30 pm
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Amazon's stock has risen 50% this year, and a TD Cowen analyst suggests further growth is possible due to increased penetration in lower-priced household goods and accelerating AWS revenue.
The analyst's positive outlook on Amazon's ability to penetrate lower-priced household goods and the expected acceleration in AWS revenue suggests potential for further stock price increases. These factors are significant growth drivers for Amazon.
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