AMZN stock could rise 46% next year as a result of Amazon’s (NASDAQ:AMZN) one-day Prime shipping being rolled out in the US, according to RBC.
RBC Capital Markets analyst Mark Mahaney believes that an uptake in Amazon Prime memberships as a result of its one-day shipping service will be a source of massive growth for AMZN stock in the next year. “We believe AMZN may well generate accelerating revenue & unit growth for some time as One-Day goes nationwide & worldwide,” said Mahaney in a note to investors on Sunday. RBC has raised its price target ...
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