Reported 8 months ago
Ranpak Holdings, a paper-based packaging company, received a positive boost as Amazon announced the replacement of 95% of plastic air pillows in packaging with paper filler, benefiting Ranpak as Amazon's largest direct customer. Analyst Greg Palm has a buy rating on Ranpak with a $10 price target, highlighting the positive impact of Amazon's eco-friendly move. The shift to paper filler aligns with Amazon's ongoing sustainability efforts and is expected to drive change across the e-commerce industry. Amazon's financial outlook, including investments in infrastructure and growth in areas like AI, advertising, and cloud services, remains of interest to traders as the company prepares to report second-quarter earnings.
Source: YAHOO