Monness analyst Brian White maintained a bullish stance on Amazon's stock, citing robust growth potential from key areas like AWS, digital advertising, and healthcare. Despite regulatory challenges, Amazon's revenue and EPS are expected to exceed Q1 2024 analyst expectations.
Additionally, Amazon's regional fulfillment network and leaner cost structure are anticipated to drive efficiency gains. AWS is projected to experience accelerated revenue growth, with new initiatives like a shopping event and collaborations with NVIDIA supporting continued innovation and market presence.
Bank of America Securities also assigned a Buy rating to Amazon's stock with a $204.00 price target. TipRanks Premium offers exclusive insights from company insiders for informed investment decisions.
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