Tigress Financial Lists Reasons Behind Bullishness On Amazon

Tigress Financial analyst Ivan Feinseth reiterated Amazon.com Inc AMZN with a Buy and maintained a $232 price target.
He saw ongoing momentum in Prime Membership, increasing traction with third-party sellers, strength in AWS, and growth and share price gains.
He believed that growth in Prime membership, ongoing momentum in AWS, and increasing advertising revenue growth would continue to drive accelerating Business Performance trends.
Also Read: This Analyst Explains Why He Sees Amazon’s Cloud Unit Reaching A Valuation Of $3T
AMZN continues to announce new initiatives in autonomous delivery, home, automotive integration, and innovation across every aspect of retail and technology, he noted.
He wrote that Amazon Web Services (AWS) continues to be a powerful growth catalyst driven by ongoing innovation and a steady cadence of new customer wins.
Amazon has a strong balance sheet, cash flow fund, ongoing innovation, and critical growth initiatives.
Price Action: AMZN shares traded higher by 1.53% at $108.63 on the last check Wednesday.
Photo by Tony Webster via Flickr

Momentum50.52

Growth97.05

Quality66.72

Value50.01

Short

Medium

Long

Analyst Calendar