This Wednesday, Amazon shares jumped 3% until registering a new all-time high of USD 192.8, which boosted the market value to USD 2 trillion. In this way, technology was consolidated as the fifth largest company in the world.
In this framework, analysts Bank of America reported that Amazon still has “way ahead” to improve the efficiency of your retail operations. For this reason, They increased their price target to USD 220 per sharewhich would imply a rise of 14% from the current quote.
“Retail was the big driver of recent estimate revisions on Amazon Web Services, and with first-quarter efficiencies exceeding expectations, we believe Amazon is on a good path to drive further retail margin leverage in 2024.”indicated the expert Justin Post.
Later, he added that, although 2023 was a “exceptional year” for Amazon’s logistics operations, their analysis suggests there is still some way to go to “achieve efficiency gains”.
The bank’s estimates concluded that Amazon could deliver more than 9 billion packages worldwide this yearwhich would place its logistics business as the largest in the United States.
To improve the efficiency of this huge business, the corporation is shipping more products through specialized same-day fulfillment sites, using robotics and incentivizing sellers to more evenly distribute inventory across the logistics network.
If Bank of America’s projections come true, then Amazon could achieve a market capitalization of almost USD 2.3 trillionmaking it the fourth largest company on the planet after surpassing Alphabet.
Invest in Amazon from Argentina
For invest in Amazon quickly and easilyAll you have to do is open a client account in a brokerage company regulated by the National Securities Commission such as Bull Market Brokers, a free process that will not take more than five minutes, and, after depositing the desired funds, acquire cedars.
Cedears or Argentine Deposit Certificates are instruments that are equivalent to buying the underlying stock listed abroad (NASDAQ: AMZN), but they can be traded in pesos (BCBA: AMZN) and follow the evolution of the CCL dollar, so they allow evade the Argentine risk and, at the same time, hedge against a possible exchange rate jump.
