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Wall Street analysts have been touting Amazon as the ultimate beneficiary of the coronavirus pandemic. Now the company has a chance to prove it when it reports second-quarter earnings on Thursday after the bell.
Part of the so-called FAANG basket of stocks, which also includes Facebook, Apple, Netflix and Google-parent Alphabet, the shares have gained more than 60% this year.
Revenue growth is widely seen as the key catalyst to watch both in e-commerce and the company's cloud unit, Amazon Web Services, according to analysts.
Amazon had previously said it planned to spend its $4 billion second-quarter profit on coronavirus related expenses but most analysts don't expect it to have a material effect on the company.
And many analysts still see more upside in shares of the e-commerce giant as they've scrambled to raise their price targets in recent weeks as well.
Here's what analysts are saying about the company's upcoming earnings report: