JPMorgan is projecting U.S. e-commerce holiday season sales growth of 7%, which would be slower than last year’s 9% year-over-year U.S. e-commerce sales growth in Q4, but “solid” and suggesting continued strong online share gains. Heading into Thanksgiving and Cyber 5 weekend, Amazon remains the analyst’s Best Idea, especially on the pullback since Q3 earnings, adds the firm, which has an Overweight rating and $305 price target on Amazon shares.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- VTI ETF Daily Snapshot—11/24/2025
- Amazon.com initiated with an Outperform at BNP Paribas Exane
- SNAP Stock Rises as It Joins Meta to Enforce Australia’s Teen Social Media Ban
- Shein’s BHV Paris Launch Spurs Traffic Jump as Europe’s Retail Tension Rises
- White House pauses EO that would preempt state laws on AI, Reuters reports