• Soaring AWS Revenues and Resilient Prime Day Sales Bolster Amazon's Bright Future

  • Aug 27 2024
  • Duración: 2 m
  • Podcast

Soaring AWS Revenues and Resilient Prime Day Sales Bolster Amazon's Bright Future

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  • Amazon, the e-commerce giant, has been a focal point for investors and analysts alike. Despite a recent dip in sales expectations, the company's Amazon Web Services (AWS) segment has shown strong growth. Morgan Stanley remains bullish on Amazon, with analyst Brian Nowak highlighting AWS's potential to grow by 19% year-over-year in 2024. This growth is expected to be driven by the cloud segment's steady backlog and client spending.

    Amazon's retail segment is also expected to improve, with a projected 4% EBIT margin by the end of 2023. However, international retail sales are expected to face challenges due to macroeconomic conditions and efforts to expand into lower-margin emerging markets.

    The company's recent Prime Day event set new records, with JMP Securities estimating a 12.7% increase in sales. Morgan Stanley raised its price target to $220 per share, maintaining an overweight rating. Amazon's stock price currently stands at $174.87, with a market cap of $1.85 trillion and a price-earnings ratio of 40.78.

    Analysts are optimistic about Amazon's future, with Morgan Stanley's Brian Nowak emphasizing the need for better execution, cost discipline, and revisions to drive substantial free cash flow (FCF) revisions. The company's focus on grocery and consumer packaged goods (CPG) is expected to contribute significantly to e-commerce growth in the U.S. over the next few years.

    Amazon's recent performance and future projections make it an attractive investment opportunity, with a strong buy consensus rating and a forecast for one-year returns of 18%.
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