Amazon Reiterated as Top Pick at Morgan Stanley, Credit Suisse By

© Reuters. By Senad Karaahmetovic Amazon (NASDAQ:) is due to report on its Q3 performance next week. Heading into the print, Credit Suisse analysts cut the price target to $159 from $170 per share. The lowered price target reflects decreased 2022/23 EPS estimates. “We expect 3Q22 results to provide another data point for Amazon’s entry … Read more

Some Macro Clouds ‘Moving in’ for Amazon Web Services

© Reuters. By Sam Boughedda Jefferies said Friday that “some macro clouds are moving in” for Amazon’s (NASDAQ:) AWS. The analysts, who have a Buy rating and $165 per share price target on Amazon, told investors that the firm hosted three Amazon Web Services experts, including an IT strategy consultant, a Cloud architect at a … Read more

Amazon to invest over 1 bn euros to electrify delivery fleet in Europe

San Francisco, Oct 11 (IANS) E-commerce giant Amazon (NASDAQ:) has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years. The company said it is using thousands of zero-emission vehicles across its European operations, and this investment will add thousands more, accelerating … Read more

Amazon Upside Supported by SOTP Analysis

© Reuters. By Sam Boughedda Amazon’s (NASDAQ:) upside is supported by SOTP analysis, according to Jefferies analysts. The analysts, who have a Buy rating and $165 price target on Amazon shares, told investors in a research note that the firm’s updated SOTP “values AMZN’s non-retail businesses at $1.3T (vs EV of $1.2T), which implies the … Read more

Affirm’s Amazon Deal is ‘Encouraging’

© Reuters. By Sam Boughedda Affirm Holdings Inc (NASDAQ:) announced Friday that it is expanding its relationship with Amazon (NASDAQ:) to Canada, introducing a pay-over-time option to customers in the country in both English and French within the next month. The company said customers who select Affirm as a payment option during checkout on … Read more

Amazon More Resilient, ‘But Not Immune’

© Reuters. By Sam Boughedda A BofA analyst reaffirmed a Buy rating and $170 price target on Amazon (NASDAQ:) shares Monday, saying that Amazon should be more resilient to the economic slowdown but not immune. The note followed Amazon’s more than 2% fall Friday after FedEx (NYSE:) pre-announced Q1 , highlighting rapidly declining package volumes … Read more

Amazon acquires Cloostermans to bolster its robotics operations

San Francisco, Sep 9 (IANS) Amazon (NASDAQ:) on Friday announced to acquire Belgium-based Cloostermans, that designs and manufactures mechatronics solutions, for an undisclosed sum. With the acquisition of Cloostermans, Amazon said it will continue to invest in customized state-of-the-art technology to drive innovation in its workplace and improve the employee experience. Cloostermans developed technology that … Read more

Explosive Amazon Prime doc Horsepower to lift lid on Oisin Murphy’s cocaine ban and tension at Andrew Balding yard

RACING fans are licking their lips at an explosive new Amazon Prime documentary which will lift the lid on Oisin Murphy’s cocaine ban. Horsepower, a four-part series which will be aired on September 23, will focus on life at top trainer Andrew Balding’s yard. From the makers of hit documentary 𝐑𝐨𝐨𝐧𝐞𝐲… Watch 𝐇𝐨𝐫𝐬𝐞𝐩𝐨𝐰𝐞𝐫, a four-part … Read more