In a note titled “Not-so-subtle Reminder Amazon is Still King,” Benchmark analysts said Amazon reminded the world of its “size and capacity advantage,” and raised his price target by $150 to $2,400.
“Amazon is easily less than halfway through transforming retail by exploiting deep fulfilment moats established over many years,” Canaccord Genuity analyst Michael Graham said. “Overall, in our view Amazon’s ability to re-accelerate revenue growth at such a large scale is evidence that its investments are paying off,” Anmuth said.
Amazon has been in and around the $1 trillion club for a while now, accompanied by the other tech giants like Apple Inc, Alphabet Inc and Microsoft Corp.Investors and analysts are touting Visa Inc and Mastercard Inc as the next companies in line to move in to the elite list.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Cincinnati Reds, RP Pedro Strop agree to one-year, $1.825M deal - TSN.caThe Cincinnati Reds have agreed to a one-year, $1.825 million deal with free agent reliever Pedro Strop, according to a report by Ken Rosenthal of The Athletic. The deal is pending a physical and contains performance bonuses that can raise the total to $3.5 million.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Amazon shares surge on holiday-quarter sales beatNet sales in North America, its biggest market, jumped 21.6 per cent to US$53.67 billion during the fourth quarter
Source: nationalpost - 🏆 10. / 80 Read more »
Full Stream Ahead: Your best Amazon Prime, Kanopy and Disney+ streaming bets this Feb. 1-2 weekendThe Globe and Mail presents three best cinematic bets that are worth your coveted downtime - no commute to the movie theatre required
Source: globeandmail - 🏆 5. / 92 Read more »
Canadian insurance company lost nearly US$1M in ransomware attackComputers at a Canadian insurance company were disabled for more than one week due to a ransomware attack that resulted in a payout of nearly US$1 million. back your system up regularly and keep the backup drive offline So they will just raise rates Which company was it?
Source: CTVNews - 🏆 1. / 99 Read more »
Report: Cincinnati Reds, RP Pedro Strop agree to one-year, $1.825M deal - TSN.caThe Cincinnati Reds have agreed to a one-year, $1.825 million deal with free agent reliever Pedro Strop, according to a report by Ken Rosenthal of The Athletic. The deal is pending a physical and contains performance bonuses that can raise the total to $3.5 million.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Richard Sherman always fighting for respect as he heads to Super Bowl once again - Sportsnet.ca🎥: RSherman_25 is already a Super Bowl champion and 5x NFL All-Pro. Despite all of that, he feels like he still doesn't get the respect that he deserves. A SuperBowl victory Sunday with the 49ers could change that. (ArashMadani) RSherman_25 49ers ArashMadani That’s what makes him so good. Keeps on given er. Pert plus should give him an endorsement deal
Source: Sportsnet - 🏆 57. / 59 Read more »