“While we recognize this is expensive, we believe it’s the right thing to do under the circumstances,” he wrote in the letter.

AWS itself could be worth nearly $1 trillion in three years, he wrote. Jefferies ran a recent survey of U.S. consumers and found that Amazon was the only e-commerce retailer seeing a step up in customer spend from the outbreak. Buy Amazon stock (AMZN). Why do you think that is?

$3,004.48 (+70.50%) Since 2019 $ Real time stock price updated as of … It's the third Friday in September. Subscribe to GeekWire's free newsletters to catch every headline, presented by First Tech Federal Credit Union, To survive the pandemic, dance, theater and opera go digital to provide fans a lifeline to the arts, Washington’s governor appeals to VP Mike Pence for more COVID-19 testing supplies, Seattle cybersecurity startup Rubica shuts down after running out of cash, Built to scale: Seattle startup weighs its own success as Amazon releases similar smart shelf, Jeff Bezos’ annual Amazon stock sales eclipse $10B for the first time, Expedia Group revenue falls 58% despite bright spots in ‘bumpy and unpredictable’ travel market, Navigating Cancer’s founder and former CEO sues its investor Merck, alleging gender bias and interference with acquisition talks, T-Mobile will pay $200M penalty to resolve Sprint subsidies investigation, Amazon to restore small Elephant Car Wash sign and display piece of Seattle history on its campus, Seattle startup vets raise $1M and reveal more details about home valuation platform Plunk, New Amazon ad pays tribute to human spirit as it kicks off holiday season in the midst of pandemic, Can scooters give bike-share a boost? Alongside its massive online shopping business, the company's cloud computing unit, Amazon Web Services, has become a beast in its own right, and brought in $12 billion in revenue and $3 billion in operating profit in the last year.
While its revenue will surely increase year-over-year, investors will be watching the company’s expenses. Amazon (NASDAQ:AMZN) has been one of the most impressive stocks in history. Politicians and labor activists are criticizing Amazon and calling for broader safety measures. Amazon is no exception.

Increased online grocery purchasing via Amazon is also worth watching given that the category represents less than 5% of Amazon’s total retail sales, Jefferies noted. The company is taking heat for a growing number of COVID-19 cases inside its warehouses. Of the 49 analysts covering the stock, 47 recommend “buy,” one recommends “hold,” and one recommends “sell.” Their average target price of $2,261.27 for AMZN stock implies a 27.8% upside based on its August 26 closing price of $1,768.87. Brent Thill, an analyst with Jefferies, said he sees a path toward $4,000 for Amazon’s stock, which was trading at $2,328/share on Tuesday, already up about 40% from mid-March. This regulatory pressure could restrain Amazon’s growth potential.

— Jordyn Holman (@JordynJournals) April 21, 2020. To add to this, you never know why sellers are selling. Shares of Amazon hit record highs last week and some analysts think the growth won’t stop for the foreseeable future. “For this to work, we as a society would need vastly more testing capacity than is currently available. save hide report.

Collectively, AMZN stock fell about 13% between July 12 and August 23. “Regular testing on a global scale, across all industries, would both help keep people safe and help get the economy back up and running,” Bezos wrote in his annual letter to shareholders. However, this price is just excluding too many buyers. I came pretty late to ball game when I purchased at 3004, as there was a lot of speculation the price would rise to 4000 (I could’ve bought at 1750 ☹️).
The Seattle tech giant has emerged as one of the few companies that could potentially come out of the COVID-19 crisis stronger than ever.

8 to 1 split early next year is my prediction. The primary reason consumers are buying more from Amazon is to avoid physical stores, the survey showed. During the company’s first-quarter conference call, senior VP and CFO Brian Olsavsky stated the company is working to shorten its free two-day Prime shipping to one day. This, buy now and then stop looking, just scooped amazon, Apple and msft. With many ongoing projects for Amazon, the price is now less than 3000. Have a scoop that you'd like GeekWire to cover? AMZN has seen astonishing growth in the last decade. Prime members end up spending about double on Amazon compared to non-members, research has shown. Jefferies on Tuesday increased its 12-month price target for the stock to $2,800. Jeff Bezos says signs point to ‘unprecedented’ holiday sales, Rescheduling the Playdate: Portland company sets 2021 release for unique handheld game device, Wizards of the Coast in court: ‘Dragonlance’ authors file suit over rights to classic ‘D&D’ franchise, WFH tips from Microsoft CEO Satya Nadella: Regular breaks, short meetings, and other advice, Amazon fills 100k warehouse worker jobs, plans to hire 75k more to meet pandemic-driven demand, taking heat for a growing number of COVID-19 cases, fired two highly visible employee activists, says it has implemented 150 new process changes.

I think it may, and I have been considering buying.

Dallas Mavericks owner and Amazon shareholder Mark Cuban floated the idea of Amazon delivering COVID-19 tests to Prime members during an interview with CNBC on Monday. … edit, im also curious who all these people selling amazon stock are? Yeah it sucks to see red days, but Amazon is a powerhouse and incredibly ambitious. Your trips to the grocery store and Target.


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