Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Axiom Capital Sees 20% Upside in, Inc. Shares

Tuesday, November 1, 2016 4:41
% of readers think this story is Fact. Add your two cents.

amazonRetail and technology superpower, Inc. (NASDAQ:AMZN) received some bullish commentary this morning from analysts at Axiom Capital.

The firm reiterated its Buy rating on AMZN and lifted its price target from $877 to $953. That new target suggests a nearly 21% upside to the stock’s Monday closing price of $789.82.

Axiom noted that throughout its history covering the company, it’s seen CEO Jeff Bezos invest heavily in several growth opportunities. First, he did so with retail, building out infrastructure to capture huge e-commerce growth. Next, he did the same with Amazon Web Services (AWS), foreseeing massive cloud services demand growth.

Now, the firm says, Amazon is in the pole position in e-commerce outside of China, and AWS is scaling immensely, growing revenue and margins at a rapid rate.

Similarly, Axiom notes that current investments could pay off in the long run as well. Video and devices investments continue to reinforce the Prime service value proposition. Prime Now and Fresh look expensive and risky today, but in time should give Amazon a competitive edge in the future. Finally, the company’s big India build-out should pay off down the line, as the massive and fast-growing market there could one day become the Amazon’s largest retail segment.

Amazon shares rose $4.52 (+0.57%) to $794.34 in premarket trading Tuesday. Year-to-date, AMZN has gained 16.86%, versus a 4.25% return from the benchmark S&P 500 during the same period.


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.