Roth MKM cheers opportunities related to margins, cloud computing, cost savings and artificial intelligence.
There are four reasons to keep loving Amazon.com Inc.’s stock, according to one analyst, even as the name has run up more than 50% so far this year.
Roth MKM’s Rohit Kulkarni called Amazon AMZN his top large-capitalization internet stock pick in a Monday note to clients, cheering opportunities related to margins, cloud computing, cost savings and artificial intelligence. He thinks that Amazon could show $9 billion to $13 billion next year in annualized savings, a trend that would benefit margins.
Shares could likewise get a boost from trends related to capital expenditures as Amazon balances savings from office-space initiatives with an expected uptick in AWS costs.
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