Some analysts have raised the expectations for Amazon a few days before the profits

Two Wall Street badysts are betting heavily on Amazon's quarterly report later this week in raising their price targets on the e-commerce giant.

Deutsche Bank badyst Lloyd Walmsley has raised his 12-month price target on Amazon to $ 2,315 per share from $ 2,315 per share. Walmsley's new price target implies a 28% rise for Amazon and is one of the top five badysts, according to FactSet. Edward Yruma, an badyst at KeyBanc Capital Markets, also raised his price target from $ 2,100 to $ 2,200, up nearly 7% from Friday's close.

Shares in Amazon, which announced Thursday after the bell, closed at $ 1,964.52 on Friday. The stock rose 0.5% in the precommercial Monday.

Walmsley and Yruma think Amazon's results will be so good that they do not want to wait for the official report on Thursday before setting more optimistic goals.

"We see Amazon in an area of ​​strong acceleration in revenue and KPIs (KPIs) with continued (albeit moderate) margin expansion while the company benefits from continued improvements in efficiency, "said Sunday the Deutsche Walmsley Group in a note.

Amazon's margins in the first quarter rose to 7.4% in the first quarter, up from 3.8% a year earlier. The company also posted earnings per share that exceeded badysts' expectations.

However, it is to be feared that Amazon Prime's free one-day delivery may adversely affect the company's operating profit. Amazon said in April that it expected operating profits of between $ 2.6 billion and $ 3.6 billion.

Walmsley, however, thinks these estimates might be a bit conservative. "Over the past nine quarters, the company has achieved operating profit of approximately 130% (median) from the top of the guide."

Mr. Yruma of KeyBanc also believes that Amazon should record an improvement in retail sales in North America.

"Unlike a soft 1Q for the US retail (weather, Easter shift), we think the 2Q has performed better." Key data at first glance indicate a sequential improvement in sales growth on Amazon.com and Whole Foods, "he said.

The badyst added that Amazon Web Services, the company's huge cloud services business, continues to "support large-scale growth."

"With an estimated business turnover of more than $ 33 billion this quarter, we expect revenue growth of less than 40% for the first time in five years," said Yruma in a note. . "That being said, few business models of this scale continue to grow by 38% year-over-year.The investor sensitivity to AWS growth and the trend line of margins could intensify in 2020, as the multi-cloud scenario with Google Cloud and Microsoft Azure is built. " AWS now has a larger cloud infrastructure platform (IaaS) than its two closest competitors combined. "

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