Amazon Earnings Missed as Amazon Web Services Cloud Business Growth Slows

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  • #22285
    ThePitBoss
    Participant

    Retail monster Amazon.com reported lower than expected third…

    [article]1790[/article]

    #22288
    ThePitBoss
    Participant

    SunTrust analyst Youssef Squali

    “Higher expenses/lower margins from faster shipping and Amazon Web Services investments further solidify AMZN’s competitive moat, in our view, and should lead to superior growth with higher margins over time,”

    “While a soft 4Q guidance is weighing on shares post close, we find it generally conservative, and continue to view AMZN as one of the most attractive assets in our coverage universe,” he wrote to clients.

    #22289
    ThePitBoss
    Participant

    UBS analyst Eric Sheridan said.

    “We remain Buy rated and we see any post-quarter share weakness as a good entry point against the long term narratives,”

    #22290
    ThePitBoss
    Participant

    Guggenheim analyst Robert Drbul said.

    ″“Over the next 12 months and long-term, we believe Amazon will continue to benefit from strong growth in profitable segments (AWS, advertising, 3P retail, subscription revenue) and expand its leadership moat across industries (retail, with Prime’s move to 1-day shipping, and cloud computing, among others),”

    “We would use any pullback in shares as an incremental buying opportunity,” he said.

    #22291
    ThePitBoss
    Participant

    J.P. Morgan analyst Doug Anmuth said.

    “We’ll take the trade-off of lighter profits for higher revenue—Amazon’s earned it; We’re buying the pullback,”

    #22292
    ThePitBoss
    Participant

    Wedbush Securities maintained Amazon as Outperform, but the firm cut its target to $2,000 from $2,350.

    #22293
    ThePitBoss
    Participant

    Piper Jaffray maintained its Overweight rating on AMZN and cut its target price to $2,150 from $2,225.

    #22294
    ThePitBoss
    Participant

    Barclays maintained AMZN With a nOverweight rating but lowered its target to $2,000 from $2,175.

    #22295
    ThePitBoss
    Participant

    Credit Suisse maintained its Overweight rating on AMZN but lowered its target to $2,100 from $2,400

    #22296
    ThePitBoss
    Participant

    Raymond James maintained its Outperform rating for AMZN and lowered its target to $2,020 from $2,080.

    #22748
    Truman
    Participant

    Amazon now delivering about half of its own packages in the United States

    AMZN will soon surpass both United Parcel Service (UPS) and FedEx in total volume, according to new Morgan Stanley estimates.

    Morgan Stanley expects that Amazon Logistics – the company’s delivery business – will overtake both competitors by 2022. In the analysis, Morgan Stanley looked into parcel data from roughly 70,000 Amazon transactions to come up with the findings, which were reported on by multiple news outlets.

    During an earnings call in October, CEO Jeff Bezos noted that Amazon Prime customers have ordered billions of items with free one-day shipping since it began offering the service this year.

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