Glonghui, January 29 | Bank of America Securities published a research report stating that Amazon's fourth-quarter revenue and EBIT are estimated to be 165.8 billion and 10.9 billion US dollars, respectively. The growth of its AWS subsidiary is the primary indicator. Revenue from this market is expected to be slightly lower than Wall Street forecasts. Demand driven by cost optimization and artificial intelligence is the key driving force for AWS. For the first quarter of this year, Bank of America Securities expects Amazon's revenue and operating profit to be US$142.1 billion and US$11.1 billion, respectively. The Group's revenue guidance for the period is likely to range from US$136 billion to US$142 billion, while operating profit guidance ranges from US$7.5 billion to US$11.5 billion. The bank believes that market sentiment is quite positive. The potential for AWS profit margins to continue to improve year on year this year will help establish a positive outlook, while its valuation is still attractive, maintaining a “buy” rating, and the target price is 185 US dollars.