Amazon is set to post earnings on Feb. 5, with expectations for strong performance following a stellar October report. In Q4, Amazon saw revenue grow to $180.17 billion, beating estimates of $177.8 billion. EPS was $1.85, surpassing estimates of $1.57. AWS revenue grew 20% YoY to $33 billion, with digital advertising revenue jumping 24% to $17.7 billion. Analysts are bullish on Amazon, with Wedbush naming it their top e-commerce pick and Roth Capital raising its price target to $295. With AWS growth accelerating, earnings on Feb. 5 could send the stock even higher.
Read more at Barchart: Dear Amazon Stock Fans, Mark Your Calendars for February 5
