Amazon added to ‘TAP Outperform’ list at Evercore ISI

Evercore ISI analyst Mark Mahaney is adding Amazon to the firm’s “TAP Outperform” list ahead of Q2 earnings season for the internet large cap group. The firm’s TAP Outperform call is based on the belief that Street estimates revisions are likely to be positive post the company’s EPS print. For Amazon, the “major unlock” would be an outlook for accelerating AWS revenue growth, but Evercore views this as “more of a possibility than a probability,” added the analyst, who has an Outperform rating and $150 price target on the shares.