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UPDATE: Raymond James Maintains Outperform On Amazon, Raises Target To $2,400 Cites 4 Reasons:

'1) continued strength in retail sales; 2) continued leadership and strong growth in cloud; 3) robust advertising growth; 4) expectation for an improving margin profile in 2020 and beyond as Amazon laps 1-day

Benzinga · 01/31/2020 18:55

'1) continued strength in retail sales; 2) continued leadership and strong growth in cloud; 3) robust advertising growth; 4) expectation for an improving margin profile in 2020 and beyond as Amazon laps 1-day shipping investments'