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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100