Monness Crespi analyst Brian White notes Amazon.com Inc. shares have trailed this year’s “healthy market rally” after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is “uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation.”
White notes that AWS CEO Adam Selipsky pointed out that AWS now has 84 availability zones across 26 geographic regions and offers over 200 fully-featured services while serving millions of customers, and believes “the company’s fortunes are poised to change in 2022.”
White has a Buy rating on Amazon.com with a price target of $4,500, implying a 31.5 percent upside.
By Anusuya Lahiri
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