Amazon Analyst Sees Robotics Unlocking Billions In Savings
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Analysts from BofA Securities have identified Amazon as a leader in AI and robotics, projecting that advanced robotics could yield up to $16 billion in annual savings by 2032. With over 750,000 robots aiding in 75% of orders, Amazon's automation is expanding to delivery stations and last-mile delivery, including autonomous drones. BofA raised its price target for Amazon stock from $230 to $248, maintaining a Buy rating, as the company enhances its competitive edge and profitability through robotics investments. Amazon shares rose 0.07% to $205.16 on Monday, up 8% over the past month.
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