- Mizuho analyst James Lee reiterated a Buy on Amazon.com Inc (NASDAQ:AMZN) and a $155 price target.
- Lee recently hosted an investor call on Amazon Advertising with a leading ad-tech platform.
- The ad-tech platform shows Amazon’s SSS-ad-spending growth accelerated 15 points in 3Q22 due to July’s Prime Day.
- October’s Prime Day started well, pulling-forward demand and alleviating logistical constraints.
- Ad-pricing stabilized in CPG and several key discretionary categories after several quarters of consistent decline, indicating pricing has firmed, and Q4 should turn positive.
- He was comfortable with consensus, given positive industry checks and conservative 2H22 seasonality expectations.
- Increased fulfillment efficiency, depreciation benefits, and merchant fees could provide an OPI guidance cushion.
- Given the historically low valuation, he believes risk-reward is optimistic heading into results.
- Price Action: AMZN shares traded lower by 0.80% at $115.42 on the last check Wednesday.
- Photo Via Company
Why Mercury Systems (MRCY) Stock Is Getting Hammered
Mercury Systems Inc (NASDAQ: MRCY) shares are trading lower by 16.2% to $29.22 Monday morning after the company said it reviewed strategic alternatives and decided to pursue a standalone strategy which includes finding a new CEO.
