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[jimmybob]

Oppenheimer expects 'increased volatility' in Amazon shares around earnings
Oppenheimer analyst Jason Helfstein expects "increased volatility" in Amazon's shares around Q4 earnings. The analyst sees risks to consensus margin estimates as he believes the Street is underestimating the impact of the recently announced investment cycle, which could last for 18 months. Meanwhile, Helfstein expects "strong" top-line U.S. eCommerce performance, driven by continued share gains during the holiday and shopping season, and better than expected AWS margins, driven by server efficiency. He reiterates an Outperform rating and $900 target price on the shares