On the fly News and insights, exclusive to thefly.com

AMZN

Amazon.com

$3,581.61 /

+8.78 (+0.25%)

, WMT

Walmart

$145.82 /

+1.05 (+0.73%)

07:20
11/24/21
11/24
07:20
11/24/21
07:20

Amazon should surpass Walmart as largest retailer in 2022, says JPMorgan

Heading into Thanksgiving, JPMorgan analyst Doug Anmuth continues to expect a strong online holiday season, albeit against tougher comps and with a resurgence in physical retail. He expects U.S. online holiday sales to grow 14.5% year-over-year coming off "outsized pandemic-driven" growth of 32% year-over-year during the 2020 holiday. Amazon.com (AMZN) maintains 40% share of U.S. e-commerce and should surpass Walmart (WMT) as the largest U.S. retailer in 2022, Anmuth tells investors in a research note. He points out that Amazon has doubled its fulfillment network since the pandemic began and is "no longer space-constrained." Anmuth has an Overweight rating on Amazon shares with a $4,350 price target.

AMZN

Amazon.com

$3,581.61 /

+8.78 (+0.25%)

WMT

Walmart

$145.82 /

+1.05 (+0.73%)

  • 01

    Dec

AMZN Amazon.com
$3,581.61 /

+8.78 (+0.25%)

11/22/21 Guggenheim
Amazon.com assumed with a Buy at Guggenheim
11/19/21 RBC Capital
Williams-Sonoma price target raised to $219 from $199 at RBC Capital
11/18/21 Bernstein
Amazon card news in the U.K. 'clearly a show of strength,' says Bernstein
11/18/21 Morgan Stanley
Visa buying opportunity created by Amazon-related weakness, says Morgan Stanley
WMT Walmart
$145.82 /

+1.05 (+0.73%)

11/19/21
Fly Intel: Top five analyst upgrades
11/19/21 MKM Partners
MKM upgrades Walmart to Buy with $166 target heading into holidays
11/19/21 MKM Partners
Walmart upgraded to Buy from Neutral at MKM Partners
11/18/21 Credit Suisse
Credit Suisse transfers coverage of Walmart

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.