Amazon bull sees international Prime potential

Jefferies analyst Brent Thill says Amazon's (AMZN +1.6%) growth could accelerate with an overseas Prime membership push.

Thill notes that overseas penetration remains low and thinks the expansion into Brazil as a sign Amazon is focused on this strategy.

Thill: "Increased Prime adoption will remain key to AMZN driving growth across the non-AWS businesses."

Jefferies maintains a Buy rating and $2,300 price target. Amazon has a Buy average Sell Side rating.

source

For more analysis and articles visit our website.