- The shares of Amazon (AMZN) have received a $270 price target from Redburn. These are the details.
The shares of Amazon (AMZN) have received a $270 price target from Redburn. And Redburn analyst Alex Haissl initiated coverage of Amazon with a “Buy” rating.
Haissl adjusted the rating while citing a view that Amazon Web Services (AWS) is worth $3 trillion or nearly 3x Amazon’s current market cap. And Haissl noted that the web service unit’s cost and technology leadership have been driving market share gains in all areas, but separating AWS may not be on the table for now.
However, Haissl noted that if the performance gap versus the non-AWS parts continues to widen, it could be on the table further down the road.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.