Amazon: UBS raises its price target
(CercleFinance.com) - UBS announced on Tuesday that it had raised its price target for Amazon from $217 to $224, ahead of the US online retail giant's second-quarter results presentation, scheduled for August 1.
The analyst - who maintains his Buy recommendation on the stock - points out that investors have tended to focus on the Seattle-based group's profit margins over the past two years.
According to the intermediary, now is the time to adopt a new angle of attack on the dossier, more focused on the need to pursue a more offensive policy and launch new investment projects.
From its point of view, the $1.8 billion per annum contract signed with the NBA is a step in the right direction, but UBS is also calling for increased investment spending in the AWS cloud business, as well as in power and Internet access (Kuiper project).
While it does not expect Amazon to unveil precise figures at the time of publication, the research firm hopes that the company will pay close attention to these issues.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The analyst - who maintains his Buy recommendation on the stock - points out that investors have tended to focus on the Seattle-based group's profit margins over the past two years.
According to the intermediary, now is the time to adopt a new angle of attack on the dossier, more focused on the need to pursue a more offensive policy and launch new investment projects.
From its point of view, the $1.8 billion per annum contract signed with the NBA is a step in the right direction, but UBS is also calling for increased investment spending in the AWS cloud business, as well as in power and Internet access (Kuiper project).
While it does not expect Amazon to unveil precise figures at the time of publication, the research firm hopes that the company will pay close attention to these issues.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.