"Amazon.com Inc. (NASDAQ: AMZN) is expected to post steady third-quarter gains powered by strong cloud, advertising, and retail performance. Apple Inc. (NASDAQ: AAPL) and Microsoft Corp (NASDAQ: MSFT) are both positioned for solid quarters - Apple benefiting from surging iPhone 17 demand and resilient Services revenue, while Microsoft extends its AI and cloud leadership through accelerating Azure momentum and heavy data center investments."
"Evercore ISIS analyst Mark Mahaney maintained an Outperform rating on Amazon with a price forecast of $280. Also Read: Amazon Poised For Big 2026 Breakout, Says Analyst Mahaney expects Amazon to deliver a modest third-quarter beat, driven by solid growth in Amazon Web Services (AWS), resilient retail performance, and strong advertising momentum. The analyst projects revenue of $178 billion and operating income of $19.5 billion."
"He anticipates AWS revenue will grow 18% year over year, with margins slightly below consensus but improving as depreciation normalizes. Mahaney expects North American retail revenue to reach $104.7 billion, up 10% year over year, and International retail revenue to reach $41.2 billion, up 15%. The analyst sees advertising growth remaining strong, supported by Prime Video and connected TV partnerships."
Amazon is expected to achieve steady third-quarter gains driven by AWS, advertising, and retail. Mark Mahaney maintained an Outperform rating on Amazon with a $280 price forecast and projects $178 billion in revenue and $19.5 billion in operating income. Mahaney anticipates AWS revenue growth of 18% year over year, improving margins as depreciation normalizes, North American retail revenue of $104.7 billion, and International retail revenue of $41.2 billion. Advertising growth is expected to remain strong aided by Prime Video and connected TV partnerships. Automation in fulfillment centers and Prime Same-Day grocery expansion are expected to improve efficiency and engagement. Apple is positioned for a strong quarter with surging iPhone 17 demand and double-digit Services growth, and Amit Daryanani maintained an Outperform rating with a $290 price target and forecasts about 8.6% sequential revenue growth. Microsoft is extending AI and cloud leadership through accelerating Azure momentum and heavy data center investments.
Read at Benzinga
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