Amazon Is A Buy: Analyst Highlights E-Commerce Leadership, Retail Profitability, AWS Growth As Catalysts

Benzinga2023-10-25

Seaport analyst Aaron Kessler initiated coverage of ten companies within the Internet Sector.Concerning eCommerce and Transaction Models, the analyst had a Buy rating on Amazon.Com Inc with a price ...

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He expects mixed bookings trend with softer U.S. though more robust International trends. He expects 15% and 12% bookings growth in 2023 and 2024. The analyst projects Q3 revenue and EPS of $3.33 billion vs. consensus $3.18 billion and $2.30 vs. consensus $1.96.In the case of Uber, Kessler will look for continued Mobility strength in developed markets and emerging markets and newer products. Delivery trends remain solid, particularly for International. As per the analyst, top-line momentum, advertising growth, and expense discipline are driving strong bottom-line results.The analyst projects Q3 revenue and EPS of $9.39 billion vs. consensus $8.99 billion and $0.06 vs. consensus $0.11.The analyst is optimistic about DoorDash's U.S. leadership position (~65% market share). 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