Amazon Reiterated With Outperform Rating Ahead of Q2
<p>TD Cowen analysts reaffirmed an Outperform rating and a price target of $150.00 for <a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon.com (NASDAQ:AMZN)</a> ahead of the Q2 earnings results, scheduled to be reported on July 27. The analysts anticipate positive revenue and operating income results.</p>
<p>The analysts expect Q2 revenue to reach $132.8 billion, showing a year-over-year growth of 9.6% and surpassing Street estimates by 1.1%. This growth is driven by the acceleration of e-commerce revenue and increased advertising revenue, while the revenue deceleration for Amazon Web Services (AWS) continues due to ongoing optimizations. </p>
<p>The analysts also predict Q2 operating income to reach $5.5 billion, reflecting a year-over-year increase of 67% and exceeding Street estimates by 16%. These projections are supported by the rise in gross profits (with 73% incremental margins) and recent cost reductions. </p>

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