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
Markets

‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results

Amazon will release its first-quarter earnings Thursday afternoon, revealing how the e-commerce giant has performed throughout the coronavirus shutdown. Analysts expect the company’s delivery business to soar as consumers shift to online shopping from quarantine. Other firms expect Amazon’s Web Services segment to beat expectations as online traffic spikes. Here’s […]
‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results