Amazon's AI-Driven AWS Growth To Power Outperformance: Analysts
Amazon's AI-Driven AWS Growth To Power Outperformance: Analysts
Consequently, the analyst expects AWS to maintain ~15% revenue growth with low-30% operating margins beyond 2025.Scotiabank analyst Nat Schindler initiated coverage on Amazon.com, Inc. (NASDAQ:AMZN) with a Sector Outperform rating and price target of $245 per share.
Scotiabank分析師Nat Schindler對Amazon.com，Inc.（納斯達克：AMZN）進行了覆蓋，給予板塊表現評級，並設定每股245美元的價格目標。
The analyst writes that Amazon benefits from a leadership position across all verticals, especially AWS, where they expect revenue growth to exceed consensus estimates beyond 2025.
分析師寫道，亞馬遜受益於在所有垂直領域的領先地位，特別是AWS，他們預計營收增長將超過2025年的共識預期。
The analyst says that AWS's AI business, though early, shows strong demand and is poised for significant growth. Its focus on providing flexible, cost-effective AI solutions positions AWS as a key partner for companies leveraging AI.
分析師表示，AWS的人工智能業務雖然剛起步，但需求強勁，並有望實現顯著增長。其專注提供靈活、具有成本效益的人工智能解決方案，將AWS定位爲那些利用人工智能的公司的重要合作伙伴。
Consequently, the analyst expects AWS to maintain ~15% revenue growth with low-30% operating margins beyond 2025.
因此，該分析師預計AWS將在2025年之後保持約15%的營收增長，低於30%的營運利潤率。
In the long term, Schindler expects Amazon's Retail business to grow steadily at 5%-10%, though with lower margins. Growth catalysts like healthcare and grocery services could further boost retail numbers, potentially reaching high single digits.
從長期來看，Schindler預計亞馬遜的零售業務將穩步增長5%-10%，儘管利潤率較低。像醫療保健和雜貨服務這樣的增長催化劑可能進一步提振零售業績，潛在地達到高個位數。
Schindler anticipates an upside in operating income over the next 2-4 years, fueled by macro tailwinds and cost optimizations.
Schindler預期未來2-4年運營收入將有增長空間，受宏觀風險和成本優化的推動。
JP Morgan analyst Doug Anmuth says that Amazon remained their top pick.
摩根大通分析師Doug Anmuth表示，亞馬遜仍然是他們的首選。
The analyst says that they are encouraged by strong AWS growth and continued operational discipline across the business.
分析師表示，他們對AWS強勁的增長以及業務的持續經營紀律感到鼓舞。
Anmuth projects operating income of $16 billion in Q4 and $70 billion in 2025, with AWS growth of 20%+ expected to be driven by easing optimizations, workload migrations, and AI monetization.
Anmuth預計2024年第四季度的營業收入爲160億美元，到2025年將達到700億美元，預計AWS增長超過20%，主要受到優化、工作負載遷移和人工智能貨幣化的推動。
North America's margins should improve with better shipping, inventory, and automation.
北美的利潤率應該會因更好的運輸、庫存和自動化而改善。
The analyst expects free cash flow at $58 billion in 2024 and $72 billion in 2025, with potential capital returns next year.
分析師預計2024年的自由現金流爲580億美元，到2025年將達到720億美元，並有可能在明年實現資本回報。
The analyst adds that investors expect Q3 net sales of $157 billion—$158.5 billion, AWS growth of 20%- 21%, and operating income of $14 billion—$15 billion+.
分析師補充稱，投資者預計第三季度淨銷售額爲1570億至1585億美元，AWS增長率爲20%至21%，營業收入爲140億至150億美元以上。
Price Action: AMZN shares are up 1.42% at $189.30 at the last check Friday.
價格走勢：亞馬遜股價在上週五最後一次查詢時上漲1.42%，至189.30美元。
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圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
