Analyst predicts Amazon will purchase Target in 2018

Analyst predicts Amazon will purchase Target in 2018

Scott Kilmartin, an e-commerce expert and host of the "David Versus Amazon" podcast, said the purchase of US Target would "give them access to the everyman customer and would be the physical retail step to becoming the offline "everything store". "As much as Target would bolster Amazon's top line, Amazon can grow organically without resorting to expensive acquisitions".

The Loup Ventures founder picked Amazon buying Target as one of his eight tech predictions for this year.

"Amazon believe's the future of retail is a mix of mostly online and some offline", Munster said.

Loup Ventures admits that the timing of such a deal is hard to pin down, but "seeing the value in the combination is easy".

"As for retail stores, Amazon's acquisition of Whole Foods 470 stores along with testing of the Amazon Go retail concept is evidence that Amazon sees the future of retail as a combination of mostly online and some offline".

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Target would be a powerful tool for Amazon in its quest to get moms hooked on its Prime services, according to Munster. It would be an interesting move by Amazon. Model 3 sedans and more announcements from major automakers about more electric cars, there is this one: "Amazon Will Acquire Target". Year-to-date, AMZN has declined 0.00%, versus a 0.31% rise in the benchmark S&P 500 index during the same period.

Per Bloomberg, this well-admired technology analyst sees Target as the ideal company for Jeff Bezos' next conquest, giving them even more of a foothold in the grocery world but also turning a rival retailer into an asset.

Unlike Whole Foods, Target isn't strictly speaking a food retailer. "It won't be as big as online, but it would be a measurable part" of the Amazon offering, he said. They have been aggressively promoting and giving prime memberships to first time moms and separately loading Prime Video with kid friendly content because of kind of the shopping presence that, uh, the wallet presence than a mom has.

But it's not at all clear that Amazon and Target agree. "However, for any acquisition to work, Target needs to bring something to Amazon that Amazon can not achieve itself". Target operates a large network of stores, with over 1,800 outlets across the United States.

In an all-cash deal, Amazon could end up with net debt surpassing $50 billion. Last month, CFRA bank analyst Ken Leon wrote that he foresees the Internet company buying a small- or mid-sized bank in 2018.

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