Amazon Is This Analyst's 'Best Idea' As E-Commerce Market Share Nears 50%
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JPMorgan analyst Doug Anmuth has named Amazon.com (NASDAQ:AMZN) his 'Best Idea' in the U.S. e-commerce sector, citing the company's accelerating sales growth and expanding Prime ecosystem. Amazon's U.S. e-commerce share rose to 46.8% in Q2, with projections for further growth to 47.4% in Q3 and 49.2% in Q4. Anmuth forecasts U.S. e-commerce growth of 4.6% in Q3 and 4.4% in Q4, with long-term penetration potentially exceeding 40%. Despite this positive outlook, Amazon's stock is currently down 1.02% at $221.56.
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