Professional
Added to YB: 2024-06-14
Pitch date: 2024-06-14
AMZN [bullish]
Amazon.com, Inc.
+23.93%
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
$2.4T
Pitch Price
$182.52
Price Target
240.00 (+6%)
Dividend
N/A
EV/EBITDA
15.96
P/E
31.96
EV/Sales
3.59
Sector
Broadline Retail
Category
growth
Amazon's E-commerce Dominance: Set to Capture Largest US Retail Share (JPM)
AMZN: JPM sees 40%+ long-term US e-comm penetration potential. AMZN has ~45% share, gaining 100bps+ for 8 straight quarters driven by 3P, fast shipping & Prime. Set to be top US retailer in 2024 at $539B GMV (+9.8% YoY) on underpenetrated categories, 7B+ same-day units, 323M Prime members & 3P/FBA strength. Reiterate OW, $240 PT.
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