Amazon: Credit Suisse raises target price to 2,000 dollars
(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on Amazon and raises its target price on the stock to 2,000 dollars from 1,950 dollars.
In a research note, the broker says groceries, home improvement/furniture and apparel loom as the largest opportunities for the US online retail giant.
Credit Suisse also notes the acquisition of pharmacy service PillPack will open up another marketplace with very low online penetration.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a research note, the broker says groceries, home improvement/furniture and apparel loom as the largest opportunities for the US online retail giant.
Credit Suisse also notes the acquisition of pharmacy service PillPack will open up another marketplace with very low online penetration.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.