Read Why Monness Crespi Is Bullish on Amazon

By Benzinga
December 27, 2021 Updated: December 27, 2021

Monness Crespi analyst Brian White notes 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 with a price target of $4,500, implying a 31.5 percent upside.

By Anusuya Lahiri 

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