Professional
Added to YB: 2024-10-08
Pitch date: 2024-10-07
AMZN [bullish]
Amazon.com, Inc.
+24.34%
current return
Author Info
No bio for this author
Company Info
Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
Market Cap
$2.5T
Pitch Price
$181.91
Price Target
240.00 (+6%)
Dividend
N/A
EV/EBITDA
16.24
P/E
32.54
EV/Sales
3.66
Sector
Broadline Retail
Category
growth
Mizuho's Bullish AWS Forecast: Amazon on Track for Strong FY24 with $240 Price Target
AMZN: Mizuho survey shows AWS growth acceleration: regional banks up $60bn/5yr migration est, enterprise Gen-AI commitment, FY24 spend forecast +25% YoY. Analyst sees 20% FY24 rev growth (above Street). Near-term range-bound on Kuiper revisions, AWS margin normalization. Outperform, $240 PT.
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