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Amazon didn’t just survive the first round of Covid lockdowns – it thrived because of them. With the Omicron variant rattling the stock market, investors are wondering if Amazon can pull it off again.
A recent UBS report assigned Amazon’s stock a strong Buy rating and set its price target at an impressive $4,700. Why is the Swiss bank so bullish on the e-commerce giant?
Amazon may become the largest delivery service in the US by 2022. The FedEx - UPS duopoly sees its position threatened, and analysts believe Amazon’s e-commerce stands to benefit.
Amazon’s investments in storage and logistics networks ate away at its cash flows throughout 2021. But the company’s strategy to mitigate those expenses might boost EBIT by $1 billion, according to this Morgan Stanley analyst.
Amazon bulls, focused on the company’s long-term narrative, have been overwhelmed by bears concerned about short-term challenges. Will AMZN stock find momentum into the end of 2021?