Amazon's focus on boosting profits could raise shares by 25%, KeyBanc analysts say

div > div.group > p:first-child"> The KeyBanc analysts raised their recommended allocation on Amazon to overweight and boosted the price target to $2,100, implying nearly a 25 percent gain from Thursday's close. Shares rose about 1.1 percent in premarket trading Friday.

The company"is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above the current consensus view. AMZN is pivoting to a company with accelerating profitability." Specifically, the analyst team, led by Edward Yruma, pointed to Amazon's decision to shutter its pop-up kiosks used to sell hardware products. Yruma also cited potential in the mid-market grocery business and Fresh Pickup service.

Finally, Amazon Web Services and advertising could boost margins by $100 billion and lead to significant margin expansion, the analysts said.

WallBravado Since when did the Beez care about profit Dang, divorce hurts....

JeffBezos think of all the benefits of using temporary workers from PeopleReady disclaimer I bot shares of $TBI

Amazon pays their employees an average $28,000 per year...

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