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If you thought last quarter was good, just wait until Amazon reports Q3 earnings on Thursday—analysts expect it to show big gains for the king of e-commerce.
Analysts expect total revenue to rise by 29% year-over-year, with US e-commerce sales jumping 16% and Amazon Web Service revenues skyrocketing 52%, MarketWatch reports. Cantor Fitzgerald recently raised its price target on Amazon shares to $1k and shares are trading at $835.
Amazon has been in a groove, promising additional retail locations in DC, adding new products to its Dash Button line and opening specialized distribution centers throughout the country. Earlier this month the e-commerce behemoth announced plans to go after the grocery business with small convenience stores and curbside pickup. [MW]
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