Reported 2 days ago
Citi analyst Ronald Josey reaffirmed a Buy rating for Amazon.com, Inc. (NASDAQ:AMZN) and set a price target of $270, citing the company's advancements in the perishable grocery market as a significant factor. He noted improvements in Same-Day Perishable Groceries and the effective use of fulfillment centers to enhance delivery efficiency. Though grocery orders may have low profitability, larger essential orders can offset this, along with potential ad revenue. Josey expects the company's investments to bolster market share and reduce customer service costs over time, improving competitiveness.
Source: YAHOO