Amazon Analyst Says Company's 'Dominant Competitive Position' In E-Commerce, AWS 'Provides A Lot To Be Bullish About'

Benzinga · Sep 5 23:51

Amazon.com Inc(NASDAQ:AMZN) has strong positions in both e-commerce and cloud, according to an analyst who projects more runway in both segments, with artificial intelligence helping to power the AWS cloud business line.

The Amazon Analyst: Cantor Fitzgerald analyst Deepak Mathivanan initiated coverage of Amazon with an Overweight rating and $230 price target.

The Amazon Takeaways: Retail margin expansion for Amazon's key e-commerce business alongside acceleration of AWS makes a healthy combination as an investment thesis, Mathivanan said in a Wednesday note.

"We believe there is runway in both, but the magnitude is likely to moderate...

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Amazon Analyst Says Company's 'Dominant Competitive Position' In E-Commerce, AWS 'Provides A Lot To Be Bullish About'

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