Benzinga | Dec 27, 2021 09:01AM EST

Read Why Monness Crespi Is Bullish On Amazon

* Monness Crespi analyst Brian White notes Amazon.com Inc (NASDAQ:AMZN) shares have trailed this year's "healthy market rally" after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is "uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation."

* White notes that AWS CEO Adam Selipsky pointed out that AWS now has 84 availability zones across 26 geographic regions and offers over 200 fully-featured services while serving millions of customers, believes "the company's fortunes are poised to change in 2022."

* White has a Buy rating on Amazon.com with a price target of $4,500, implying a 31.5% upside.

* Price Action: AMZN shares traded higher by 0.42% at $3,435.75 in the premarket session on the last check Monday.