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Submission: On August 27 via api from BE — Scanned from DE
Submission: On August 27 via api from BE — Scanned from DE
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Menu icon A vertical stack of three evenly spaced horizontal lines. Business Insider logo Markets Insider logo Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". My Watchlist Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Calendar icon An icon in the shape of a calendar. Economic Earnings Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". Search icon A magnifying glass. It indicates, "Click to perform a search". Markets Insider logo Close icon Two crossed lines that form an 'X'. 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All rights reserved. * Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. * Disclaimer * Accessibility * Commerce Policy * * Advertising Policies * Stock quotes by finanzen.net U.S. Markets Open DOW 30 -0,02% -10,31 41.230,21 S&P 500 +0,24% +13,45 5.630,29 NASDAQ 100 +0,48% +93,36 19.609,79 gold +0,05% +1,37 2.519,40 oil (wti) -2,40% -1,86 75,56 BTC/USD -1,71% -1.074,18 61.779,27 Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. * Home * Stocks * Amazon-stock * News for Amazon * Amazon’s Project Kuiper Investment: A Long-Term Growth Catalyst Despite Initial Costs AMAZON’S PROJECT KUIPER INVESTMENT: A LONG-TERM GROWTH CATALYST DESPITE INITIAL COSTS TipRanks Aug. 26, 2024, 02:46 AM Wells Fargo analyst Ken Gawrelski has maintained their bullish stance on AMZN stock, giving a Buy rating on August 19. Ken Gawrelski has given his Buy rating due to a combination of factors surrounding Amazon’s long-term growth potential and the expected performance of its core businesses. Even though he acknowledges the heavy upfront costs associated with Amazon’s Project Kuiper, which aims to provide satellite Internet services, he views these expenses as investments that will pay off in the future. Despite a reduction in operating income forecasts for 2025 to 2027 to account for these costs, Gawrelski’s outlook remains positive, with projections still ahead of consensus estimates, largely due to higher margins from Amazon’s North American eCommerce and AWS operations. He recognizes the initial impact on the company’s operating income but anticipates a breakeven point in 2028, following the commencement of satellite launches and the introduction of commercial services. Gawrelski’s analysis suggests that after the initial investment phase, Project Kuiper will demonstrate significant operating leverage with low variable costs and high incremental operating income margins. He forecasts a positive internal rate of return in the long term, with the expectation that subscription revenues will offset launch costs and lead to profitability. Despite the potential lack of synergy with Amazon’s core businesses, the analyst believes that the market may benefit from additional clarity on the strategic rationale for the project, which could further enhance its valuation. His assessment also takes into account factors like potential market demand and the competitive positioning against services like Starlink, indicating a belief in the project’s viability and its potential to add value to Amazon’s overall business in the long run. According to TipRanks, Gawrelski is a 4-star analyst with an average return of 7.8% and a 67.03% success rate. Gawrelski covers the Communication Services sector, focusing on stocks such as Roblox, Meta Platforms, and Alphabet Class A. In another report released on August 19, Morgan Stanley also reiterated a Buy rating on the stock with a $210.00 price target. See today’s best-performing stocks on TipRanks >> TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today. Amazon (AMZN) Company Description: Amazon.com, Inc. provides online retail shopping services and also generates revenue from cloud computing services. It operates through three business segments: North America, International, and Amazon Web Services (AWS). The North America and International segments include retail sales of consumer products and subscriptions (like Amazon Prime membership fees). AWS generates revenue from the global sales of compute, storage, database, and other service offerings. Founded by Jeffrey P. Bezos in July 1994, the company is headquartered in Seattle, WA. Read More on AMZN: * Amazon Falls Short of Expectations and Gets Downgraded * DA Davidson technology analysts hold an analyst/industry conference call * Cruise partnership reinforces Uber’s role as demand aggregator, says BofA * AWS and Azure in the Spotlight for Providing AI Services to China * Tech companies move to old power stations to expand AI infrastructure, FT says SHARE THIS POST FACEBOOK TWITTER EMAIL COPY LINK AMAZON NEWSMORE Albertsons may have to sell itself, close stores, cut jobs if it can't merge with Kroger Seeking Alpha 20h BlackRock, Apollo Global said to be in talks for Amazon aggregator debt financing Seeking Alpha 22h Kroger begins court fight with Federal Trade Commission over Albertsons deal Seeking Alpha 1d Zacks Investment Ideas feature highlights: Nvidia, Amazon, Microsoft and Alphabet Zacks 1d Amazon’s Project Kuiper Investment: A Long-Term Growth Catalyst Despite Initial Costs TipRanks 1d Bronfman wants Paramount to team up with big tech for streaming business - report Seeking Alpha 2d Robotaxi rumblings: Uber's deal with Cruise could just be the beginning of AV partnerships Seeking Alpha 4d Marjorie Taylor Greene discloses buys of Nvidia, Intel, Amazon, others Seeking Alpha 4d Start Trading Futures Your Market View Name Price +/- % Date TSLA 210.16 -3.05 -1.43 08/27/2024 01:52:25 PM AAPL 228.53 1.29 0.57 08/27/2024 01:52:26 PM MSFT 413.24 -0.39 -0.09 08/27/2024 01:52:13 PM NFLX 700.99 12.50 1.82 08/27/2024 01:52:04 PM SPOT 342.69 6.52 1.94 08/27/2024 01:50:37 PM RELATED STOCKS AMZN 172.95 -2.55 (-1.45%) 11:12:38 AM Disclaimer Get real-time AMZN charts here >> Find News News GO Follow us on: See also: Indices * Dow Jones * S&P 500 * Nasdaq 100 * Nasdaq Composite * FTSE 100 * Nikkei 225 * DAX 40 * Hang Seng * Kospi * S&P TSX Composite Index * ASX * US Dollar Index * Stock Indices * Dow Futures * Dow Jones Market Movers Commodities * Gold Price * Oil Price * Silver Price * Copper Price * Cotton Price * Heating Oil Price * Aluminum Price * Natural Gas Price * Realtime Commodity Prices Currencies * EURO DOLLAR * Bitcoin Price * ETH USD * CAD USD * PESO USD * POUND USD * USD INR * Currency Converter * Exchange Rates Stocks * Google Stock * Meta Stock * Amazon Stock * Tesla Stock * Dow-Stock * Premarket * Stock Market News See more - Explore more categories * *© 2024 Insider Inc. and finanzen.net GmbH (Imprint). 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