News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

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 US
 

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

United States United States Latest News, United States United States Headlines

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

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.
Source: MarketWatch - 🏆 3. / 97 Read more »