AMZN) is well configured to withstand the COVID-19 storm. The market has also reflected this notion, and Amazon’s stocks have held up relatively well since the start of the year in the green. “Data-reactid =” 12 “> With an online retail business encompassing grocery, consumer electronics and everything in between, and an exemplary logistics infrastructure with the ability to meet consumer demands for these home stay times, the online giant Amazon (AMZN) is well configured to withstand the COVID-19 storm. The market has also reflected this notion and Amazon’s stocks have held up relatively well since the start of the year in the green.
Victor Anthony believes that the growth of Amazon Web Services (AWS) is why the company “is one of the best investments for the next five years.” “data-reactid =” 13 “> But there is an additional growth engine that is not mentioned as often. Victor Anthony, of Aegis Capital, believes that the growth of Amazon Web Services (AWS) is the reason for which the company “is one of the best investments for the next five years”.
click here) “data-reactid =” 14 “> The 5-star analyst maintains a purchase note on Amazon stocks as well as a price target of $ 2,525, which implies an increase of almost 30% compared to current levels. (To see Anthony’s background, click here)
The data speaks for itself, says Anthony. According to cloud cost management company Vangal, AWS should see its sales grow between 37% and 39% in 1Q20 against 34% in 4Q19. Anthony notes that cloud companies are benefiting from “an increase in home entertainment services, business communications and increased use of health care and government.” Amazon’s “footprint and set of services” is what sets the company apart.
In addition, Amazon has “three key competitive advantages,” noted Anthony. “(1) the number of people trained and certified on AWS is greater than GCP and Azure combined; (2) their product suite encompasses a set of products that businesses can easily use and is developer friendly; and (3) AWS offers better support for developers – better, faster, and faster than others. “
In addition, with favorable pricing for basic workloads, the diversity of Amazon’s customer base is another benefit – small customers account for between 37 and 39%, midsize businesses add 26% more, and at the top of the scale, the company stands at 35%.
See Amazon stock analysis on TipRanks) “data-reactid =” 26 “> Wall Street tends to agree with the analyst’s confidence in the online giant. The One Hold rating stands out for the upward load of 36 Buys. average price target , suggesting a possible rise of almost 27% (see Amazon stock analysis on TipRanks)
Best titles to buy, a new tool which gathers all the information on the actions of TipRanks.“data-reactid =” 35 “>To find great ideas for Internet stocks to trade at attractive valuations, visit TipRanks Best Stocks to Buy, a recently launched tool that brings together all the information about TipRanks stocks.