UBS analyst reports - Amazon.com (AMZN) gains advantages from COVID

UBS analyst Eric Sheridan believes that Amazon (AMZN) shares will get additional growth due to the pandemic.

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UBS analyst Eric Sheridan gave a "buy" rating for the stock Amazon.com (NASDAQ: AMZN) and a target price of $3,000,00. The reason for this statement was a pandemic that changed consumer behaviour.

He believes that media consumption and other cloud services will not only benefit from the current situation but also create sustainable long-term behaviours.

Image source: Tradingview @AMZN

The analyst said that we are seeing a change in consumer demand and considers this action as beneficial for the growth of turnover of this company.

#Covid19 #AMZN #UBS

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Alex has been creating articles for several crypto projects for three years. He is interested in cryptocurrencies and financial markets, more so in cryptocurrencies.