Wall Street clearly thinks that the company’s e-commerce and cloud businesses are getting a boost from the shutdown of large parts of the economy — and that some of those benefits will endure past the pandemic. Amazon (ticker: AMZN) reports financial results after the close on Thursday, and Wall Street analysts have been hastening to raise both estimates and price targets on the stock. Most of the Street’s e-commerce pundits are still recommending the stock, even after the big run-up. Read More...
Wall Street clearly thinks that the company’s e-commerce and cloud businesses are getting a boost from the shutdown of large parts of the economy — and that some of those benefits will endure past the pandemic. Amazon (ticker: AMZN) reports financial results after the close on Thursday, and Wall Street analysts have been hastening to raise both estimates and price targets on the stock. Most of the Street’s e-commerce pundits are still recommending the stock, even after the big run-up.
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