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BrandZX
BrandZX
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2022-06-28
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AMZN Stock Is a Buy Ahead of Amazon Prime Day
Amazon(AMZN) stock is on the move with a new analyst note.Jefferies analyst Brent Thill calls AMZN a
AMZN Stock Is a Buy Ahead of Amazon Prime Day
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BrandZX
BrandZX
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2022-06-14
The main thing is which drone company they gonna get the drones from?
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BrandZX
BrandZX
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2022-06-10
$Amazon.com(AMZN)$
dropping
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BrandZX
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2022-06-01
Wooohoo
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BrandZX
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2022-05-28
$Amazon.com(AMZN)$
wooo
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In addition to that, Thill has a price target of $163 for AMZN stock. That’s a potential 39% upside for the shares.So why is the Jefferies analyst taking a bullish stance on AMZN stock prior to Prime Day? Here’s what he said in a note obtained by Seeking Alpha:We estimate that Prime Day will contribute $8.1B to GMV and $4.7B to Net Sales, which represents a 6%/4% tailwind to 3Q22 GMV/Sales growth. We see Prime Day helping to boost Prime adoption, especially in international markets, which have lower membership penetration and 3 new countries participating in 2022 Prime Day.It’s worth mentioning that Prime Day is already underway with some special offers. However, the main event doesn’t start until July 12 and will last through the following day.How does Thill’s stance on AMZN stock stack up to his peers? The analyst consensus for AMZN is “buy.” That’s based on 37 “buy” ratings, one “hold” rating, and two “sell” ratings. 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