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

Posted In: BriefsAnalyst ColorNewsPrice TargetReiterationAnalyst RatingsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.