News Formal

Buy Amazon Stock, Analyst Says. AWS Is the Company's 'Crown Jewel.'

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

HSBC initiated coverage of Amazon with a Buy rating.

The growth opportunities at Amazon Web Services could exceed the upside potential of Amazon.com’s flagship e-commerce business, HSBC Global Research says.

On the company’s third-quarter earnings call in October, Chief Financial Officer Brian Olsavsky said while customer’s efforts to cut back on costs continue to be a headwind for AWS, Amazon has seen sales growth pick back up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ford, GM are in 'peak pain,' and this analyst thinks their stocks are a buyEven a ‘modest reversal’ in negative sentiment could drive upside, Barclays says
Source: MarketWatch - 🏆 3. / 97 Read more »

Amazon.com Inc. stock rises Tuesday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »