Amazon: optimist about AWS, Jefferies says 'buy'
(CercleFinance.com) - On Wednesday an analyst at Jefferies confirms his "buy" recommendation on the Amazon share, after a comparative analysis of the cloud sector, a service that Amazon offers via AWS.
"AWS remains the dominant Cloud player and we estimate AWS could be worth $300-400B as a standalone company, which would represent 35-45% of AMZN's current market cap.. (...) We forecast AWS to add ~$10B of incremental sales in '19E & '20E, more than Azure and GCP combined," the broker says.
Jefferies confirms its target price of 2,300 dollars for the Amazon share.
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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.
"AWS remains the dominant Cloud player and we estimate AWS could be worth $300-400B as a standalone company, which would represent 35-45% of AMZN's current market cap.. (...) We forecast AWS to add ~$10B of incremental sales in '19E & '20E, more than Azure and GCP combined," the broker says.
Jefferies confirms its target price of 2,300 dollars for the Amazon share.
Copyright (c) 2019 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.