Morgan Stanley: Amazon's fresh food business has considerable growth potential, reiterates "Overweight" rating
I'm PortAI, I can summarize articles.
Morgan Stanley reiterated its "Overweight" rating on Amazon, with a target price of $300, emphasizing its expansion potential in the fresh grocery market. Analysts pointed out that Amazon's entry into the $600 billion fresh food market will drive its continued growth, with an expected increase of 120 basis points in total transaction volume for every 1% market share gained. Cantor Fitzgerald and Barclays also reaffirmed their "Overweight" rating on Amazon, focusing on its innovations in Wi-Fi services and artificial intelligence
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments