Multiple analysts have weighed in on Amazon.com Inc (NASDAQ:AMZN) stock this week as the e-commerce giant’s annual Prime Day event gets rolling. The consensus view is that Amazon is positioned for further upside heading into earnings. AWS Growth: Wolfe Research analyst Shweta Khajuria initiated coverage on Amazon Tuesday with an Outperform rating and $250 price target. Khajuria’s bull case for Amazon is centered around Amazon Web Services (AWS) growth acceleration, margin expansion and retail share gains. “In terms of near-to-mid-term fundamentals, we like the 2024 setup for Amazon,” the analyst said in a new note. “We expect accelerating Y/Y growth at AWS this year, ongoing Retail margin expansion, share gains in eCommerce driven by faster delivery speeds and mix-shift to everyday essentials, and new growth catalysts in the form of Prime Video, Grocery, and Amazon Logistics—to name a few.” The Wolfe Research analyst said AWS growth is poised to trend higher driven by rising consumption, generative AI product adoption and secular tailwinds. Khajuria also highlighted meaningful margin expansion potential driven by AWS growth, extended server life and operating efficiency. See Also: Amazon Faces FTC Inquiry Over AI Talent Acquisition From Adept Prime Day Is Here: On the retail side of the business, the analyst expects Amazon to benefit as consumers consolidate ...