Amazon (AMZN, Buy, raising target to $240 from $225) 3Q24 Model Update (Buy, raising target to $240 from $225)
Our target increases to $240 from $225 owing to higher revenue and operating margin estimates, partially offset by higher capex.Amazon.com serves consumers through its online and physical stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and the company develops and produces media content. The company operates customer service centers and provides programs that enable sellers to grow their businesses, sell their products in its stores, and fulfill orders through the company The company serves developers and enterprises of various sizes, including start-ups, government agencies, and academic institutions, through its Amazon Web Services segment, which provides a set of global compute, storage, database, and other service offerings. The company also provides services, such as advertising.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
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- Global Emerging Market Telecoms
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- Pan European Telecom Services and Cable
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