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Benzinga
Benzinga
Business
Wayne Duggan

Why 2023 Could Be A Huge Year For Amazon

Amazon Justin Post Bank of America Nasdaq

Amazon.com, Inc. (NASDAQ:AMZN) is off to a rocky start to 2022, down 35.5% year-to-date. However, Bank of America analyst Justin Post said this week that Amazon is well-positioned for a big year in 2023.

The Amazon Analyst: On Monday, Post reiterated his Buy rating and $188 price target for Amazon and said Amazon's past logistics investment cycles paint a bullish picture for the company heading into 2023.

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