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Citi maintains Amazon's buy rating, raises target by US$20 to US$235, and expects 10% operating income margins by 2025 due to advertising strength, improving retail efficiencies; Amazon’s retail business is main driver of margin expansion thesis
Published: April 24, 2024 by Investing.com
Amazon to expand its drone delivery program to the West Valley of metro Phoenix later this year; the program, which is pending FAA approval, will be fully integrated into Amazon’s delivery network
Published: April 23, 2024 by Supermarket News
Amazon launches new US grocery delivery subscription that will cost US$9.99 per month and include unlimited grocery deliveries from Whole Foods, Amazon Fresh and other local retailers in 3,500 US cities with orders over US$35
Published: April 23, 2024 by CE Noticias Financieras (Latin America)
Commentary: With Amazon's AI model saving 500,000 tons of packaging per year, there is a large opportunity for other companies to use AI to reduce packaging waste; however, Amazon's vast amount of data gives it an edge in implementing AI effectively
Published: April 23, 2024 by Forbes
UBS expects profit momentum 'collapse' for Big Six tech firms Apple, Amazon, Microsoft, Alphabet, Nvidia, Meta over next few quarters; analyst downgrades their ratings, projects their EPS growth to dip to 15.5% by Q1 2025, from estimated 42.2% for Q1 2024
Published: April 23, 2024 by CFO Dive

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