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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