Rapid AWS Expansion and Increased Cloud Spending Signals Strong Outlook for Amazon: Analyst
Rapid AWS Expansion and Increased Cloud Spending Signals Strong Outlook for Amazon: Analyst
Mizuho analyst James Lee reiterated a Buy rating on Amazon.com, Inc (NASDAQ:AMZN) with a price target of $230.
瑞穗分析師詹姆斯·李重申了對亞馬遜公司（納斯達克股票代碼：AMZN）的買入評級，目標股價爲230美元。
Following Lee's latest quarterly survey with a prominent AWS channel partner, he noted several promising developments.
在李對著名的AWS渠道合作伙伴進行了最新的季度調查後，他指出了幾項令人鼓舞的進展。
He said an accelerated sales cycle indicated by an increase in executive business center (EBC) meetings and early terminations of on-premises data center contracts; a significant shift in fiscal 2024 budgets towards infrastructure expenditure, hinting at a quicker migration to AWS; and an expectation for consumption to revert to traditional growth rates, suggesting a 20% year-over-year increase in AWS spending.
他說，銷售週期加快了，這體現在行政商務中心（EBC）會議的增加和本地數據中心合同的提前終止；2024財年預算向基礎設施支出的大幅轉移，這表明向AWS的遷移速度將更快；預計消費將恢復到傳統的增長率，表明AWS支出同比增長20％。
Consequently, his confidence in AWS's revenue growth accelerating into fiscal 2024 has strengthened, leading him to reiterate Amazon as his top pick.
因此，他對AWS收入增長加速到2024財年的信心得到增強，這促使他重申亞馬遜是他的首選。
Lee's key findings include an accelerated sales cycle, evidenced by AWS customers arranging more EBC meetings involving senior executives (CEO, CFO, and CIO), which typically led to deals closing 30 days sooner than the usual sales cycle.
Lee的主要發現包括加快了銷售週期，AWS客戶安排了更多有高級管理人員（首席執行官、首席財務官和首席信息官）參加的EBC會議，這通常會導致交易比通常的銷售週期提前30天完成。
Additionally, customers are exiting their on-prem data center agreements more rapidly through prepayments, showcasing an increased pace in migration and sales cycle velocity.
此外，客戶通過預付款更快地退出本地數據中心協議，這表明遷移步伐和銷售週期加快了。
Lee's survey also highlighted a budgetary shift towards infrastructure spending, increasing from 35% to 45%.
李的調查還顯示，預算轉向基礎設施支出，從35％增加到45％。
This change is driven by AWS customers migrating significant data volumes into the cloud for long-term General AI deployment and upgrading existing cloud data to optimize for General AI through vectorized or unstructured data warehousing.
這一變化是由於 AWS 客戶將大量數據遷移到雲端進行長期通用人工智能部署，以及通過矢量化或非結構化數據倉庫升級現有云數據以針對通用人工智能進行優化。
Furthermore, Lee's survey indicated a surge in proof of concept (POC) projects for new use cases across various sectors, underscoring the effectiveness of AWS's Bedrock service.
此外，Lee的調查顯示，針對各個領域的新用例的概念驗證（POC）項目激增，這突顯了AWS的Bedrock服務的有效性。
This service facilitates access to large language models, including Anthropic's Claude 3, and is vital in financial services, healthcare, and manufacturing.
該服務便於訪問大型語言模型，包括Anthropic的Claude 3，在金融服務、醫療保健和製造業中至關重要。
Given these positive trends and a forecasted 20% year-over-year AWS spending growth—exceeding the consensus of 15%—Lee maintained Amazon as his Top Pick.
鑑於這些積極的趨勢以及預計的AWS支出同比增長20％（超過15％的共識），Lee繼續將亞馬遜列爲他的首選。
The $230 price target is based on a 14x fiscal 2026 EBITDA multiplier, reflecting our anticipation of AWS continuing to outperform.
230美元的目標股價基於2026財年的14倍息折舊攤銷前利潤乘數，反映了我們對AWS繼續跑贏大盤的預期。
Lee projected first-quarter revenue and EPS of $141.09 billion and $0.82.
李預計第一季度收入和每股收益爲1410.9億美元和0.82美元。
Price Action: AMZN shares traded higher by 3.10% at $185.56 on the last check Friday.
價格走勢：週五的最後一次支票中，AMZN股價上漲3.10％，至185.56美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明： 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。