There are four reasons to keep loving Amazon.com Inc.’s stock, according to one analyst, even as the name has run up more than 50% so far this year.
Roth MKM’s Rohit Kulkarni called Amazon AMZN his top large-capitalization internet stock pick in a Monday note to clients, cheering opportunities related to margins, cloud computing, cost savings and artificial intelligence. He thinks that Amazon could show $9 billion to $13 billion next year in annualized savings, a trend that would benefit margins.
Shares could likewise get a boost from trends related to capital expenditures as Amazon balances savings from office-space initiatives with an expected uptick in AWS costs.
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