A former analyst who followed Apple closely and was known for his accuracy in predicting their financial performance over the years made news recently by forecasting that Amazon will buy Target in 2018.
“Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” said Loup Venture Co-Founder Gene Munster. “Getting the timing on this is difficult, but seeing the value of the combination is easy.”
Analysts have been making several predictions about Amazon’s next deal. Companies mentioned recently have included Lululemon Athletica, Abercrombie & Fitch, Bed Bath & Beyond, and Advanced Auto Parts. One analyst foresees Amazon purchasing a small- or mid-sized bank.
