- Amazon.com, Inc. shares have rallied significantly following blow-out fourth quarter and full year earnings.
- However, Winning Season is just getting started at Amazon.
- With the AI opportunity still evolving, growth is expected to explode at Amazon.com.
- Growth associated with Amazon’s other segments are in early innings as well.
- We are increasing our Price Target for Amazon.com, Inc. to $222/share. Reiterating Buy Rating.
Investment Summary
The story is that Andy Jassy is finally owning Amazon.com, Inc. (NASDAQ:AMZN). After, a false start in 2022, when the company reported dismal financial results, he delivered a solid rebound in revenues and earnings for 2023. It is the beginning of a new era at AMZN, Andy Jassy’s AMZN.
Considering the period following the sudden departure of Jeff Bezos from AMZN, things have never appeared better for the company. AMZN has just come off of delivering strong financial results, Andy Jassy has settled into the CEO spot, the retail business is growing nicely into the expanded fulfillment and transport networks (which were doubled in size during the pandemic), the advertisement, subscription, and third party seller services businesses are demonstrating strength, and Amazon Web Services (AWS) customer optimizations are in the rearview mirror, with subscribers signing larger and longer commitments.
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