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Amazon Stock Gets Buy Rating Ahead of Earnings. There’s More to It Than AWS.

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Amazon is scheduled to report third-quarter earnings on Oct. 26.

Amazon.com stock is still a buy after this year’s robust gains, according to an analyst, who cited the company’s cloud business and retail sales performance.

“AWS remains the clear cloud infrastructure leader, and we expect growth to reaccelerate,” Kessler wrote in a research note. Kessler also expects to see advertising strength in 2024 as Prime Video’s plan with advertisements is set to arrive. Subscribers will be able to choose to pay an additional $2.99 a month to keep their service ad-free.

 

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Crane’s stock rallies more than 5% after Q3 beat, deal to buy piping companyClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
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