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Axiom Highlights Amazon's Three Secular Tailwinds: E-Commerce, Cloud, Ads

Amazon.com, Inc. NASDAQ:AMZN - Axiom Highlights Amazon's Three Secular Tailwinds: E-Commerce, Cloud, Ads
  • Axiom’s Victor Anthony maintained a Buy rating and price target of $650, while remaining bullish regarding the company’s prospects.
  • Anthony stated that there are three secular tailwinds that Amazon continues to benefit from: e-commerce, could computing and advertising. AWS is expected to drive meaningful long term free cash flow and ROIC growth for the company.

Analyst Victor Anthony expects the company to be able to grow revenues at a three-year CAGR in the upper-teens, while being able to drive operating margin expansion despite investing in growth.

With regard to AWS, Anthony...


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