Wolfe Research Notes Amazon Has 'Multiple Ways To Win,' Upgrades To Outperform
In a report published Tuesday, Wolfe Research analyst Aram Rubinson upgraded shares of Amazon.com, Inc. (NASDAQ: AMZN) to Outperform from Peer Perform with a $450 price target.
Bloomberg cited the analyst's view that the company has "multiple ways to win," including strong growth of recurring revenue, a greater focus on controlling costs, a possible divestiture of China and optionality on Amazon Web Services.
Rubinson added that Amazon could achieve 15 percent return on invested capital if it were to exit China, spin off its AWS segment and monetize advertising.
Latest Ratings for AMZN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Deutsche Bank | Initiates Coverage On | Buy | |
| Feb 2022 | Tigress Financial | Maintains | Buy | |
| Feb 2022 | Credit Suisse | Maintains | Outperform |
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Posted-In: Amazon China Aram Rubinson AWS Wolfe ResearchAnalyst Color Upgrades Analyst Ratings
