Amazon's (AMZN) Fresh Grocery Push Seen as Key Growth Driver by Analysts

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks on Wall Street. On September 10, Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on the stock with a $300.00 price target. According to the analysts, Amazon’s push into the fresh grocery market will unlock sustained faster growth.

“We see AMZN’s push into the ~$600bn fresh grocery market unlocking durably faster growth (every 1% share capture is ~120bp upside to US GMV). With the logistics network built, higher fresh merch margins and min $25 baskets, we detail why fresh will also likely be profitable and EBIT dollar upside.”

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Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

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