HomeTechFAANGNo E-Commerce Comes Close To Amazon (AMZN), Except Maybe Temu

No E-Commerce Comes Close To Amazon (AMZN), Except Maybe Temu

Stifel initiates Amazon (AMZN) with a buy rating and a $173 price target. The analyst notes that no other e-commerce platform “comes close to matching scale that Amazon has amassed.” They see stabilization in cloud spending trends and continued growth in advertising with the launch of ads on Prime Video in 2023. Kevin Hincks discusses this, as well as how Deutsche Bank notes that Temu is a legitimate e-commerce competitor to Amazon. Tune in to find out more about the stock market today.

Morning Trade Live

17 Oct 2023

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