Amazon: Is Grubhub Agreement a Tasty One? Analyst Weighs In

TipRanks2022-07-09

Amazon’s (AMZN)Prime services just got a new addition. On Wednesday, the company announced a commercial deal with Grubhub, a subsidiary of Netherlands-based Just Eat Takeaway.com. U.S. Prime members ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jess261
2022-07-11
Jess261
Okay
Jess261
2022-07-11
Jess261
Okay
Success88
2022-07-10
Success88
Ok
hphoa
2022-07-10
hphoa
Good.
kslee9566
2022-07-10
kslee9566
Ok
EY12
2022-07-10
EY12
Like

Leave a comment

316

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1131154197?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-09 10:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1131154197","market":"us","top_or_hot":-1,"title":"Amazon: Is Grubhub Agreement a Tasty One? Analyst Weighs In","media":"TipRanks","content":"<div>\n<p>Amazon’s (AMZN)Prime services just got a new addition. On Wednesday, the company announced a commercial deal with Grubhub, a subsidiary of Netherlands-based Just Eat Takeaway.com. U.S. Prime members ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/amazon-is-grubhub-agreement-a-tasty-one-analyst-weighs-in/\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: Is Grubhub Agreement a Tasty One? Analyst Weighs In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Is Grubhub Agreement a Tasty One? Analyst Weighs In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-09 10:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/amazon-is-grubhub-agreement-a-tasty-one-analyst-weighs-in/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon’s (AMZN)Prime services just got a new addition. On Wednesday, the company announced a commercial deal with Grubhub, a subsidiary of Netherlands-based Just Eat Takeaway.com. U.S. Prime members ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/amazon-is-grubhub-agreement-a-tasty-one-analyst-weighs-in/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"https://www.tipranks.com/news/article/amazon-is-grubhub-agreement-a-tasty-one-analyst-weighs-in/","article_id":"1131154197","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/amazon-is-grubhub-agreement-a-tasty-one-analyst-weighs-in/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1131154197","pubTimestamp":1657333163,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Amazon’s (AMZN)Prime services just got a new addition. On Wednesday, the company announced a commerc","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊"},"translate_title":"亚马逊：Grubhub协议好吃吗？分析师介入","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":0.9},"content_text":"Amazon’s (AMZN)Prime services just got a new addition. On Wednesday, the company announced a commercial deal with Grubhub, a subsidiary of Netherlands-based Just Eat Takeaway.com. U.S. Prime members will be eligible for a free, one-year Grubhub+ membership with no food delivery-fees on permitted orders while Grubhub+ members will also be eligible for member-only perks and rewards.The agreement stipulates Amazon will take a 2% equity stake in the food delivery service which could potentially rise to 15% according to performance terms. Unless terminated by either side, each year, the agreement will automatically renew. Of note, a partial or full sale of Grubhub remains one of the strategic alternatives Just Eat Takeaway is actively looking at.While drawing on Amazon’s Prime service will expand the food-delivery company’s reach, Baird’s Colin Sebastian thinks it’s a good deal for the e-commerce giant.“We view Amazon’s announcement with Just Eat Takeaway as a capital efficient way for the company to re-enter the local restaurant delivery market,” the 5-star analyst said. “With limited risk to Amazon, the company can offer Prime members free (one year) membership to GrubHub+, which could help retain/attract new Prime members.”Sebastian also believes the announcement further demonstrates Amazon’s dedication to meeting the requirements of Prime subscribers in a strategic, cost-effective manner while continuing to prioritize its flagship Prime offering and fulfillment “advantage.”The analyst also anticipates Amazon’s “category expansion” into groceries will continue, with the focus on physical and online food delivery, micro-fulfillment, and retail outlets (such as Amazon Fresh, Whole Foods, etc.), enabling the company to keep on taking market share and further penetrate a “significant” TAM (total addressable market).All in all, Sebastian sticks with an Outperform (i.e., Buy) rating, while the $145 price target stays put too. Should the figure be met, investors will be sitting on gains of 25% a year from now. Turning now to the rest of the Street, where the average target is rather more upbeat; the forecast calls for 12-month returns of 55.5%, considering the figure clocks in at $179.67. While one analyst remains on the sidelines, all 38 other recent reviews are positive, naturally culminating in a Strong Buy consensus rating.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9071375201,"gmtCreate":1657497366203,"gmtModify":1676536013135,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071375201","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071375169,"gmtCreate":1657497346151,"gmtModify":1676536013150,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071375169","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073783400,"gmtCreate":1657418175600,"gmtModify":1676536004715,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"4101948424484190","authorIdStr":"4101948424484190"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073783400","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073473194,"gmtCreate":1657414404418,"gmtModify":1676536003407,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"htmlText":"Good.&nbsp;","listText":"Good.&nbsp;","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073473194","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073441964,"gmtCreate":1657413733658,"gmtModify":1676536003187,"author":{"id":"3583644431775375","authorId":"3583644431775375","name":"kslee9566","avatar":"https://static.tigerbbs.com/547278d0b48b0d822a0c5c43d2d6c06e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583644431775375","authorIdStr":"3583644431775375"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073441964","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9073440537,"gmtCreate":1657413458329,"gmtModify":1676536003128,"author":{"id":"3569935580474431","authorId":"3569935580474431","name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3569935580474431","authorIdStr":"3569935580474431"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073440537","repostId":1131154197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":316,"commentSize":24,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131154197"}