BofA Securities analyst Justin Post reiterated a Buy rating on Amazon.Com Inc (NASDAQ:AMZN) with a price target of $204.
Post expects Amazon’s first-quarter earnings to reflect positive trends with a revenue forecast of $143 billion, closely aligning with market expectations.
The focus will be on potential upside from AWS and advertising and, according to the analyst, a possible retail segment outperformance.
For AWS, a quarter-over-quarter growth of $545 million and a 16% year-over-year increase are likely slightly ahead of the market’s 15% expectation.
Operating profit will likely hit $11.5 billion, with a cautious eye on a possible $12 billion prediction by others.
Looking ahead to the second quarter, he adjusted revenue expectations by $1.5 billion to $149.9 ...