Here's what Wall Street analysts are saying after Amazon's third-quarter earnings

The e-commerce giant gained more than 6% after third-quarter results beat analyst estimates on the top and bottom line . The company's cloud segment, Amazon Web Services, slightly missed analyst estimates for revenue in the third quarter — but was still up nearly 20% year on year. Operating income, meanwhile, soared The company is also continuing to spend big on generative artificial intelligence akin to peers in the technology sector.

Bank of America price target goes to $230 per share from $210 BofA analyst Justin Post maintained his buy rating on Amazon, and his upped forecast calls for more than 23% upside moving forward. "Another margin upside surprise supports our retail margin efficiency upside thesis, while AWS is still in the early innings of a big AI cycle and is investing accordingly," Post said. "Amazon's proprietary AI chip technology could be underappreciated in the stock.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Amazon’s Mammoth Q3 E-com and Cloud Business Impresses Wall StreetAmazon's $159 billion beats the estimates, as ad, cloud and e-commerce power on revenue growth.
แหล่ง: wwd - 🏆 24. / 68 อ่านเพิ่มเติม »

What Wall Street expects from Amazon, Apple earnings after the bellWall Street faces another key litmus test Thursday with results from megacaps Apple and Amazon after the bell.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
แหล่ง: BreitbartNews - 🏆 610. / 51 อ่านเพิ่มเติม »