Markets

Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says

Tom Forte, a senior research analyst at D.A. Davidson, told Bloomberg on Tuesday that Amazon’s digital pharmacy could be a “trillion-dollar, global opportunity” for the e-commerce giant. He added that Amazon needs an opportunity like this to sustain its current levels of growth and multiples. Forte also said that Amazon’s […]
Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says
Markets

Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking

Amazon’s launch of its own digital pharmacy on Tuesday sent rival pharmacy stocks reeling, with CVS, Walgreens, and Rite-Aid each falling more than 8%. Amazon first entered the pharmacy business in 2018 with its $US753 million acquisition of PillPack, which signalled to investors that Amazon’s interest in offering prescription medicines […]
Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking
Markets

‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report

Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook. Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, “which is just one of the signs that this is going to be an unprecedented holiday […]
‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report
Markets

Amazon wins over one of its last remaining Wall Street sceptics, which just slapped a ‘buy’ rating on the stock and expects it to surge 15% in the next year

Amazon shares were upgraded to “outperform” from “market perform” by Bernstein on Tuesday, adding to the list of analysts bullish toward the e-commerce giant. The coronavirus pandemic boosted growth in online retail, digital advertising, and cloud computing, and Amazon is a “primary beneficiary across all three revenue pools,” analyst Mark […]
Amazon wins over one of its last remaining Wall Street sceptics, which just slapped a ‘buy’ rating on the stock and expects it to surge 15% in the next year