- Monness Crespi analyst Brian White notes Amazon.com Inc AMZN shares have trailed this year's "healthy market rally" after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is "uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation."
- White notes that AWS CEO Adam Selipsky pointed out that AWS now has 84 availability zones across 26 geographic regions and offers over 200 fully-featured services while serving millions of customers, believes "the company's fortunes are poised to change in 2022."
- White has a Buy rating on Amazon.com with a price target of $4,500, implying a 31.5% upside.
- Price Action: AMZN shares traded higher by 0.42% at $3,435.75 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
