A slowdown at Amazon ‘s cloud-computing and retail units this year hammered its stock, which is off 45% to a recent $91. The coming year should be better, as the company cuts costs and realizes greater efficiencies in its online retail operations after more than $80 billion of investments in fulfillment and transportation over the past three years. SVB MoffettNathanson analyst Michael Morton, who recently began coverage of Amazon (ticker: AMZN) with an Outperform rating and $118 price target, estimates that Amazon’s retail segment has negative operating margins when excluding lucrative advertising revenue. Read More...
A slowdown at Amazon ‘s cloud-computing and retail units this year hammered its stock, which is off 45% to a recent $91. The coming year should be better, as the company cuts costs and realizes greater efficiencies in its online retail operations after more than $80 billion of investments in fulfillment and transportation over the past three years. SVB MoffettNathanson analyst Michael Morton, who recently began coverage of Amazon (ticker: AMZN) with an Outperform rating and $118 price target, estimates that Amazon’s retail segment has negative operating margins when excluding lucrative advertising revenue.
