Amazon Stock Gets a Price-Target Hike. Why UBS Sees It ...

The Swiss bank assumed coverage of the technology giant with a Buy rating and a 12-month price target of $4,700, up from its previous target of ... We'vedetectedyouareonInternetExplorer.ForthebestBarrons.comexperience,pleaseupdatetoamodernbrowser. CHROME SAFARI FIREFOX We'vedetectedyouareonInternetExplorer.ForthebestBarrons.comexperience,pleaseupdatetoamodernbrowser.GoogleFirefoxBarron'sSubscribeNowSignIn Barrons Next: Share Thiscopyisforyourpersonal,non-commercialuseonly.Toorderpresentation-readycopiesfordistributiontoyourcolleagues,clientsorcustomersvisithttp://www.djreprints.com. https://www.barrons.com/articles/amazon-price-target-hike-51638454395 Amazonstockcouldhit$4,700inthenextyearasrevenuegrowthandhighermarginsdriveestimaterevisionsintothesecondhalfof2022,accordingtoUBSanalysts.Ithasn’tbeenasmoothyearforAmazon(ticker:AMZN)anditsthird-quarterearningshighlightedanumberofproblems,includingsupply-chainissues,higherwagecostsandtoughcomparisonswith2020,abumperyearforthecompany.Thestockisuparound6%year-to-date,comparedwiththeS&P500‘s20%gain.Yet,... Subscribe or SignIn tocontinuereading Close AmazonStockGetsaPrice-TargetHike.WhyUBSSeesItHitting$4,700. Amazonstockcouldhit$4,700inthenextyearasrevenuegrowthandhighermarginsdriveestimaterevisionsintothesecondhalfof2022,accordingtoUBSanalysts. From To Message SEND Anerrorhasoccurred,pleasetryagainlater. Thankyou Thisarticlehasbeensentto PrivacyNoticeCookieNoticeCopyrightPolicyDataPolicyYourAdChoicesSubscriberAgreement&TermsofUseBarron'sArchiveCorporateSubscriptionsCopyright©2021DowJones&Company,Inc.AllRightsReserved. Barron's Copyright©2021DowJones&Company,Inc.AllRightsReserved Thiscopyisforyourpersonal,non-commercialuseonly.DistributionanduseofthismaterialaregovernedbyourSubscriberAgreementandbycopyrightlaw.Fornon-personaluseortoordermultiplecopies,pleasecontactDowJonesReprintsat1-800-843-0008orvisitwww.djreprints.com.