RBC Capital Markets sees Amazon shares climbing nearly 50% in the coming year, citing the roll out of the company's 'Prime One-Day Shipping initiative' in the U.S.
RBC Capital Markets sees Amazon's one day shipping program as driving both increased subscriptions to Amazon Prime and more spending per household that uses Prime.
"We believe AMZN may well generate accelerating revenue & unit growth for some time as One-Day goes nationwide & worldwide," RBC analyst Mark Mahaney said in a note to investors on Sunday. Mahaney sees Amazon's one day shipping program as driving both increased subscriptions to Amazon Prime and more spending per household that uses Prime. That would generate between a 7% to 15% increase in Amazon's total revenue, according to RBC.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rihanna Loves Us So Much She's Streaming Her Savage X Fenty Show on Amazon Prime VideoSavage X Fenty will stream its NYFW show on Amazon Prime Video.
Read more »
How Easy Is It to Get a Gun Versus an Abortion in All 50 States?A state-by-state comparison.
Read more »
Here's What You Need To Know About The Gun Laws In All 50 StatesFollowing a mass shooting in West Texas, today Texas gun laws became even more lax — allowing more people to be armed in public spaces.
Read more »
Fetty Wap Says He Won't Borrow Money from 50 Cent (Exclusive)While Fetty Wap has love for 50 Cent, the 'Trap Queen' rapper will not be asking 'Uncle Fif' for a loan anytime soon.
Read more »
50 Workwear Pieces So Good, You'll Want to Wear Them Everywhere Else, Too — All Under $50If I had a dollar for every time I stood in front of my closet wondering what the heck to wear to the office, I might be a millionaire by now. For me, I like
Read more »
The Latest: Afghan official: Blast kills at least 5, 50 hurtA large blast in the Afghan capital of Kabul targeting a compound that is home to several international organizations killed at least five civilians and wounded around 50, an official says.
Read more »