Read Why UBS Is Bullish On This E-Commerce Giant, Sees 37% Upside

December 2, 2021 5:59 AM | 1 min read |

UBS analyst Kunal Madhukar assumed coverage of Amazon.com Inc AMZN with a Buy rating and $4,700 price target, implying a 36.5% upside.
Amazon is the analyst's favorite name in the U.S. internet sector.
The shares could see a multiple re-rating on positive estimate revisions for retail and Web Services as consensus revenue estimates are too conservatives, Madhukar notes.
Further, the analyst believes Amazon has "multiple levers" to drive margins.
Price Action: AMZN shares traded higher by 0.3% at $3,454.21 in the premarket session on the last check Thursday.

Posted In: Analyst Color News Price Target Initiation Analyst Ratings Tech Briefs

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