logo
welcome
TheStreet

TheStreet

Amazon's big tech plans pay off for customers (and its pockets)

TheStreet
Summary
Nutrition label

85% Informative

Amazon built a new 2.5 million-square-foot fulfillment center in Shreveport , Louisiana .

The facility is one of two state-of-the-art robotics Amazon centers in Louisiana .

Amazon CEO Andy Jassy gave Shriveport a shoutout during the e-commerce giant's Oct. 31 third-quarter earnings call.

JMP Securities raised its price target on Amazon to $ 285 from $ 265 .

Oppenheimer raised its price target on Amazon to $ 230 from $ 220 and maintained an outperform rating on the shares.

Telsey Advisory analyst Joseph Feldman says Amazon should continue to gain market share by leveraging its Prime member base, small-business relations, and technological edge.