Amazon is the’best long-term growth story’ in mega-caps, MKM States, boosts target
Amazon remains the long term pioneer among industry titans, according to MKM Partners, with the e-commerce firm set to nearly triple its share of the U.S. retail marketplace over the subsequent seven decades.
“We continue to view Amazon as the most effective long-term expansion story among the mega-caps,” analyst Rob Sanderson wrote Tuesday. “Amazon has been develop into the logistics and storefront infrastructure for a significant portion of the retail industry.”
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