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Amazon Could See Big Growth in B2B Sales, Analyst Says
Investors are underestimating the potential value of Amazon’s opportunity in the business-to-business e-commerce market, BofA Global Research analyst Justin Post asserts in a research note on Monday.
As Post points out, Amazon (ticker: AMZN) earlier this month said in a press release that its Amazon Business unit has reached $25 billion in annualized world-wide sales, more than half of that from third-party sellers. In that announcement, Amazon said it serves more than 80 of the Fortune 100, including Citigroup (C), Intel…