Amazon

Amazon’s Australian business is growing faster than previously expected by Jarden analysts, who see growing risk for local electronics, home and garden, and general-merchandise retailers. Jarden’s analysts estimate that Amazon could take 18% of Australia’s non-food online sales in the country’s 2024 fiscal year, which runs through June. That’s up from 15% in fiscal 2023, they add. Australian shoppers are seen increasingly using Amazon as a first point of purchase, hitting local retailers’ sales and increasing pressure on them to invest in things like centralized fulfillment and regional distribution centers. They see JB Hi-Fi, Kogan.com, Wesfarmers and Myer as among those at risk.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: AMZN will replace WBA in the Dow Jones Industrial Average (DJIA) effective February 26, 2024. The index change was prompted by WMT’s decision to split its stock 3:1, which will reduce WMT’s index weight due to the price-weighted construction of the DJIA. By replacing WBA, the DJIA will increase its exposure to consumer retail, advertising, and cloud computing. AMZN will join MSFT and AAPL as the other Magnificent 7 stocks in the index, which together will comprise about 13% of the DJIA. By weighting, AMZN will rank 17th in the index, while MSFT is 2nd and AAPL is 15th. Our opinion on AMZN shares is Buy, as we believe 2024 will mark the second consecutive year of margin expansion and free cash flow growth, driven by additional

Amazon (NASDAQ:AMZN) is the “Best Idea” for long-term investment and poised to lead the evolving e-commerce arena, according to JPMorgan analyst Doug Anmuth. What Happened: Anmuth predicts a potential doubling of U.S. e-commerce penetration to over 40%. The recently released fourth-quarter (Q4) U.S. e-commerce spending data showcases a commendable +7.2% YoY growth. This underlines the stability of online growth trends. The analysis highlights the significant upward trajectory of U.S. e-commerce penetration, reaching 23.3% of Adjusted Retail Sales in 4Q — an +84bps year-over-year increase for the sixth consecutive quarter. According to Anmuth, Amazon demonstrated its prowess with a share of 46.4% in Q4. The company achieved year-over-year share gains exceeding 100bps for the sixth consecutive quarter. Record-breaking events solidify Amazon’s position as an industry leader. Anmuth anticipates an acceleration in e-commerce growth for Amazon in 2024, projecting a +8.1% year-over-year growth. Hence, in 2023, Amazon outperformed the industry’s +7.6% year-over-year growth. Fueled by growth

Andrew Bary Amazon.com will join the Dow Jones Industrial Average before the start of trading on Feb. 26, replacing Walgreens Boots Alliance in the first change in the 30-stock index since 2020. In another change, Uber Technologies will replace JetBlue Airways in the Dow Jones Transportation Average on Feb. 26. Amazon’s entry into the Dow Jones Industrial Average was enabled by a 20-for-one stock split in 2022 that made its stock price sufficiently low for it to be included in the price-weighted index. There has been speculation since the Amazon split that it would join the Dow industrials. The news came in a press release late Tuesday from S&P Dow Jones Indices, which oversees the Dow industrials. Walgreens’ exit isn’t a surprise given the sharp drop in its stock price in recent years. That left it with little influence in the Dow industrials and the lowest market value by a

Amazon.com, Inc. (AMZN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 28.73% Evercore ISI Group $195 → $220 Maintains Outperform 02/02/2024 14.1% Truist Securities $180 → $195 Maintains Buy 02/02/2024 15.86% UBS $180 → $198 Maintains Buy 02/02/2024 22.88% Oppenheimer $200 → $210 Maintains Outperform 02/02/2024 19.95% Roth MKM $180 → $205 Maintains Buy 02/02/2024 31.66% JMP Securities $175 → $225 Maintains Market Outperform 02/02/2024 25.8% RBC Capital $180 → $215 Maintains Outperform 02/02/2024 17.03% Raymond James $185 → $200 Maintains Strong Buy 02/02/2024 28.73% Wedbush $210 → $220 Maintains Outperform 02/02/2024 28.73% Susquehanna $185 → $220 Maintains Positive 02/02/2024 28.73% Barclays $190 → $220 Maintains Overweight 02/02/2024 31.66% JP Morgan $190 → $225 Maintains Overweight 02/02/2024 19.95% Needham $175 → $205 Maintains Buy 02/02/2024 17.03% Telsey Advisory Group $185 → $200 Maintains Outperform 01/24/2024 8.25% Telsey Advisory Group $165 →

Shares of Amazon.com Inc (NASDAQ:AMZN) have been in focus, with tech giants reporting results this week. Amazon’s results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Needham On Amazon Analyst Laura Martin maintained a Buy rating, while raising the price target from $175 to $205. Amazon reported strong fourth-quarter results, with 14% year-on-year sales growth and 51% EBITDA growth, Martin said in a note. Operating margins expanded in the quarter, with improvement in North America, she added. GenAI was a focus during the earnings call, the analyst stated, adding that Amazon is building several GenAI apps across its businesses. Telsey Advisory Group On Amazon Analyst Joseph Feldman reiterated an Outperform rating, while lifting the price target from $185 to $200. Amazon ended a strong year with robust fourth-quarter results, and provided better-than-anticipated guidance for the first quarter, Feldman said. “The growth in sales and profits

Amazon.com’s (AMZN) core businesses are “inflecting” as the company sees benefits from logistics efficiencies, regionalization, inventory management, and acceleration of its Amazon Web Services, Morgan Stanley said in a Friday note. “[Amazon’s] results and guide speak to how improving execution, cost discipline, and an AWS recovery are leading to outsized EBIT and free cash flow revisions,” the investment firm said. Amazon reported Q4 diluted earnings late Thursday of $1 per share, up from $0.03 a year earlier, as net sales increased to $169.96 billion from $149.20 billion. Morgan Stanley said Amazon’s global cost to serve declined in 2023 for the first time since 2018 and the company could see further reductions from a bigger fleet, inventory optimization, and inbound shipping improvements. The firm also expressed optimism over AWS’ accelerating revenue and growing generative artificial intelligence offerings to continue through 2024. Morgan Stanley said Amazon is poised for an “efficiency-based cash

Amazon.com (AMZN) shares probably are poised for gains through 2024 as headwinds dissipate, UBS Securities said Friday in a report. Same-day and one-day Prime Delivery, e-commerce segment margin expansion and improving unit economics support the thesis for continued outperformance, UBS said. Also, Amazon’s “cost to serve” decreased for 2023 for the first time since 2018, despite the company raising service levels, UBS said. “Overhangs” such e-commerce deceleration in 2021, margin compression in 2022 and AWS deceleration in 2023 will mostly fade this year, UBS said. The firm maintained its buy rating on the company’s stock and raised its 12-month price target to $198 from $180. Amazon shares rose 7.9% in recent Friday trading.

Amazon.com Announces Fourth Quarter Results SEATTLE–(BUSINESS WIRE)–February 01, 2024– Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2023. Fourth Quarter 2023 — Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022. Excluding the $1.3 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with fourth quarter 2022. — North America segment sales increased 13% year-over-year to $105.5 billion. — International segment sales increased 17% year-over-year to $40.2 billion, or increased 13% excluding changes in foreign exchange rates. — AWS segment sales increased 13% year-over-year to $24.2 billion. — Operating income increased to $13.2 billion in the fourth quarter, compared with $2.7 billion in fourth quarter 2022. — North America segment operating income was $6.5 billion, compared with an operating loss of $0.2 billion in

Amazon.com Inc (NASDAQ:AMZN) reported fourth-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter. Q4 Earnings: Amazon’s fourth-quarter revenue increased 14% year-over-year to $170 billion, which beat the consensus estimate of $166.21 billion, according to Benzinga Pro. The company reported quarterly earnings of $1 per share, which beat analyst estimates of 80 cents per share. With these results, Amazon now tops analyst estimates on both the top and bottom line in five straight quarters, dating back to the fourth quarter of 2022, according to Benzinga Pro. AWS sales totaled $24.2 billion in the fourth quarter, up 13% year-over-year. North American sales increased 13% year-over-year to $105.5 billion and international sales jumped 17% year-over-year to $40.2 billion. Operating cash flow increased 82% to $84.9 billion for the trailing 12 months compared to $46.8 billion in the 12 months ended December 2022. Free cash flow

Amazon.com (AMZN) reported Q4 diluted earnings Thursday of $1.00 per share, up from $0.03 a year earlier. Analysts polled by Capital IQ expected $0.80. Net sales for the quarter ended Dec. 31 were $169.96 billion, up from $149.20 billion a year earlier. Analysts surveyed by Capital IQ expected $166.26 billion. The company said it expects Q1 net sales to range between $138 billion and $143.5 billion. Analysts surveyed by Capital IQ are expecting $142.17 billion. Amazon.com shares rose more than 6% in recent Friday morning pre-bell trading.