Jefferies analyst Brent Thill says Amazon's (AMZN +1.6%) growth could accelerate with an overseas Prime membership push.
Thill notes that overseas penetration remains low and thinks the expansion into Brazil as a sign Amazon is focused on this strategy.
Thill: "Increased Prime adoption will remain key to AMZN driving growth across the non-AWS businesses."
Jefferies maintains a Buy rating and $2,300 price target. Amazon has a Buy average Sell Side rating.
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Thill notes that overseas penetration remains low and thinks the expansion into Brazil as a sign Amazon is focused on this strategy.
Thill: "Increased Prime adoption will remain key to AMZN driving growth across the non-AWS businesses."
Jefferies maintains a Buy rating and $2,300 price target. Amazon has a Buy average Sell Side rating.
source
For more analysis and articles visit our website.