{"id":11226,"date":"2023-09-13T14:52:50","date_gmt":"2023-09-13T14:52:50","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/amazons-stock-clinches-highest-close-in-more-than-a-year\/"},"modified":"2023-09-13T14:52:51","modified_gmt":"2023-09-13T14:52:51","slug":"amazons-stock-clinches-highest-close-in-more-than-a-year","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=11226","title":{"rendered":"Amazon\u2019s stock clinches highest close in more than a year"},"content":{"rendered":"
\n

Amazon.com Inc.\u2019s stock secured its highest close in more than a year Monday as enthusiasm continues to build for the e-commerce giant\u2019s potential to improve the financial performance of its retail business. <\/p>\n

Shares of Amazon
\n AMZN,
\n +1.87%<\/bg-quote>
\n ended Monday at $143.10, up 3.5%, to mark their best finish since Aug. 16, 2022, when they closed at $144.78, according to Dow Jones Market Data.<\/p>\n

\n

UBS analyst Lloyd Walmsley weighed in positively on Amazon\u2019s e-commerce business Sunday, writing that he saw a path for the company to realize double-digit North America retail margins over time, and to hit 8% or 9% in 2025. For context, the consensus view currently calls for 5.4% North America retail margins in 2025. <\/p>\n

While Walmsley kept his buy rating and $175 price target on Amazon shares unchanged, he\u2019s encouraged by recent developments, including an enhanced arrangement with Shopify Inc.
\n SHOP,
\n +0.13%<\/bg-quote>
\n and new fees for its Seller Fulfilled Prime program.<\/p>\n

Read: <\/strong>Here\u2019s Amazon\u2019s path to a $200 stock price, according to one bull<\/p>\n

\u201cWe see this agreement with Shopify, as well as the reinstatement of the Seller Fulfilled Prime (SFP) program, as a win\/win and signs that AMZN [has] started ramping strategies to externalize and monetize Prime off-platform,\u201d Walmsley wrote. <\/p>\n

While the specifics of the Shopify deal are unknown, Walmsley thinks Amazon has made a smart long-term move. <\/p>\n

\u201cTrade press around the deal suggested Amazon highly wanted the deal, sought to ensure purchase metrics through [Buy with Prime] were shown in the Shopify dashboard, and did most of the integration work itself, suggesting they may not get any of the payment revenue stream from Shopify for now,\u201d Walmsley said. <\/p>\n

\u201cBut regardless, we see this as a potential revenue stream for Amazon over time,\u201d he continued. \u201cTo the extent that merchants opt into Buy with Prime and users convert higher with Buy with Prime, over time this gives Amazon potential for significant leverage in future negotiations on the partnership.\u201d<\/p>\n

See also:<\/strong> Why Amazon is this analyst\u2019s top internet stock pick<\/p>\n

Amazon shares have gained 70% so far this year, as the S&P 500
\n SPX
\n has advanced 17%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon.com Inc.\u2019s stock secured its highest close in more than a year Monday as enthusiasm continues to build for the e-commerce giant\u2019s potential to improve the financial performance of its retail business. Shares of Amazon AMZN, +1.87% ended Monday at $143.10, up 3.5%, to mark their best finish since Aug. 16, 2022, when they closed […]<\/p>\n","protected":false},"author":1,"featured_media":11227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-11226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nAmazon\u2019s stock clinches highest close in more than a year | Prosfunds<\/title>\n<meta name=\"description\" content=\"Amazon.com Inc.\u2019s stock secured its highest close in more than a year Monday as enthusiasm continues to build for the e-commerce giant\u2019s potential to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=11226\" 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