Rivals like Walmart and Target have tended to announce their own competing deal days, adding excitement to an otherwise slow time for retailers. Last year, it began a new tradition by adding a second bargain bonanza to the autumn calendar in the run-up to the winter holiday season. Amazon began the Prime Day event in 2015 as a way to boost its Prime membership, and has held it annually ever since. retailer in 2024 as it expands deeper into categories such as consumer packaged goods, apparel, furniture and appliances. On Tuesday, JPMorgan analyst Doug Anmuth reiterated Amazon as his "best idea," saying he expects it to pass Walmart as the largest U.S. "While AMZN lags its mega-cap peers in generative AI capabilities today, the AI opportunity remains early, and we expect AMZN's rich history of innovation will help them close the AI gap over time," Colantuoni said. Colantuoni added that the stock has already benefited from the rise of artificial intelligence, which has boosted usage at its Amazon Web Services unit. "We believe upside to consensus (JEFe FY24 EBITDA is 8% above consensus) combined with positive sentiment from AI will help AMZN shares to re-rate," he said, referring to a higher price-earnings multiple. Jefferies analyst John Colantuoni on Wednesday raised his price target on the stock to $150 from $135. Based on Tuesday's close of $125.78, that leaves about 9% upside for the stock if it hits the average target. According to FactSet, 91% of analysts rate the dominant e-commerce platform a buy, with an average price target of $137.54. Most analysts see room for Amazon stock to run, despite its nearly 50% year-to-date gain. Those who purchased the shares in the five days prior realized a gain of as much as 7.6% in recent years, he said. After crunching the numbers, consumer sector specialist Michael Dick said Amazon gained as much as 14.8% in the 13 days before the promotions. Bank of America's trading desk studied the pattern of Amazon's shares in the days leading into the sales event, and found it can be positive for the stock. But the real bargain may already be available. Personal Loans for 670 Credit Score or LowerĪmazon has made it official: Prime Day will return on July 11 and 12 this year. Personal Loans for 580 Credit Score or Lower These 34 September inspirational quotes will help you say hello to this season and welcome future changes.Best Debt Consolidation Loans for Bad Credit Somehow, September represents summer's farewell and the cheerful introduction to full-on autumn festivities. Before we know it, the time rolls around to carve our pumpkins and then the turkey before heading down to the farm to chop down the perfect tree. We slowly put away our linen outfits and pull the layers out of our closets, watch the leaves gradually turn from green to golden, and make plans for the upcoming holiday season. Kids are back in school, and the grown-ups are (possibly) reinvigorated after vacation. It's not the new year, but it's a new season. September might be one of the most nostalgic times as summer fades and we leave behind the lazy afternoons spent doing absolutely nothing. It's a 30-day interlude before the crush of holidays, a little breath between summer and autumn, giving us time to remember, to reminisce. We turn over a new leaf, say goodbye to languid summer afternoons, sharpen our pencils, and are ready to dive into school and work. But somehow, at the same time, September feels hopeful. The days, though still long, are only echoes of the abundant sunlight at the height of the summer solstice. Though not yet crisp, the air hints at the cooler weather. It feels like the last burst of summer before the light fades.
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