Amazon’s Prime Day Event a Resounding Success, Says Analyst

TipRanks2022-07-20

Story HighlightsTop-rated analyst Mark Mahaney, with a 50% success rate, was impressed by Amazon’s Prime Day and remained positive about the stock.Shares of Amazon (NASDAQ: AMZN) have been on an ...

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Comments

blessed_1
2022-07-21
blessed_1
Ok
hphoa
2022-07-20
hphoa
Good
hphoa
2022-07-20
hphoa
Wow... Buy buy buy
BhaskarB
2022-07-20
BhaskarB
Ok
BhaskarB
2022-07-20
BhaskarB
Don't buy
Tanyl
2022-07-20
Tanyl
It is time to buy AMZ

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142

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Last week, Amazon declared the Prime Day event on July 12 and July 13, which was a stupendous success and stated that customers purchased more than 300 million items and spent around $3 billion.According to Evercore analyst Mark Mahaney, this “implies over 20% Y/Y [year-over-year] growth in items sold vs. last year’s two-day Prime Day event.”The analyst also pointed out that for AMZN, its items sold have grown at a compounded annual growth rate (CAGR) of 20% in the past three years, which was an “intrinsically high growth rate” and better than any other retailer.Mahaney anticipates that Amazon generated around $8.2 billion in gross merchandise value (GMV) and $4.4 billion in terms of revenues over its two-day Prime Day event, making up 3% to 4% of the analyst’s revenue estimate for the fiscal third quarter.Other Key Highlights of Amazon’s Prime Day EventMahaney highlighted some key trends from Amazon’s Prime Day event that boded well for the Internet retailing giant, which include the addition of three new countries this year. Mahaney believes that the company has been adding two new countries every year since 2019.The analyst was also upbeat about premium brands on AMZN, including Apple Watch Series 7, beauty brands LANEIGE and NuFACE gaining traction, and the best-selling categories this year, including Amazon Devices, Consumer Electronics, and Home.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9074645590,"gmtCreate":1658360949510,"gmtModify":1676536145696,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1},"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/9074645590","repostId":1188460442,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074172032,"gmtCreate":1658325376226,"gmtModify":1676536140977,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":3,"crmLevelSwitch":0},"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/9074172032","repostId":1188460442,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074370546,"gmtCreate":1658304748385,"gmtModify":1676536138244,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow... Buy buy buy","listText":"Wow... Buy buy buy","text":"Wow... Buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074370546","repostId":1188460442,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074342200,"gmtCreate":1658304203300,"gmtModify":1676536138148,"author":{"id":"3576055655100541","authorId":"3576055655100541","name":"BhaskarB","avatar":"https://static.tigerbbs.com/ae63d5d863287dbf3e7d25ef9ab845e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"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/9074342200","repostId":1188460442,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074342643,"gmtCreate":1658304191382,"gmtModify":1676536138148,"author":{"id":"3576055655100541","authorId":"3576055655100541","name":"BhaskarB","avatar":"https://static.tigerbbs.com/ae63d5d863287dbf3e7d25ef9ab845e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Don't buy","listText":"Don't buy","text":"Don't buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074342643","repostId":1188460442,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074321440,"gmtCreate":1658299803280,"gmtModify":1676536137576,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"It is time to buy AMZ","listText":"It is time to buy AMZ","text":"It is time to buy AMZ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074321440","repostId":1188460442,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":142,"commentSize":21,"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":"4.24.2","shortVersion":"4.24.2","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/1188460442"}