Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Amazon today and set a price target of $300.00.
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Jeffrey Wlodarczak has given his Buy rating due to a combination of factors including Amazon’s strong third-quarter results and positive guidance for the fourth quarter. The company reported significant revenue and EBITDA growth, driven by its high-margin AWS and advertising segments, both of which have shown accelerating year-over-year growth. Additionally, Amazon’s retail and logistics revenue exceeded expectations, and the management’s optimism about cloud migration and AI services suggests further growth potential.
Wlodarczak also highlights Amazon’s strategic advantages, such as its unmatched scale and the potential for operating margin expansion through AI and robotics. The company’s high-margin businesses, particularly AWS and advertising, are expected to contribute significantly to profitability. Furthermore, the analyst anticipates Amazon’s continued market share growth in e-commerce and advertising, along with the introduction of new products and services. These factors, combined with an attractive valuation, support the Buy rating and an increased target price.
According to TipRanks, Wlodarczak is a 4-star analyst with an average return of 4.2% and a 53.05% success rate. Wlodarczak covers the Communication Services sector, focusing on stocks such as Comcast, Alphabet Class C, and Meta Platforms.
In another report released yesterday, Bernstein also maintained a Buy rating on the stock with a $250.00 price target.