Amazon.com, Inc. is in late-stage talks to acquire Zoox, a budding robo-taxi service. Zoox’s hardware and software assets could be a boon for Amazon, but a bane for automotive players fighting to retain market share.

Morgan Stanley analysts led by Adam Jonas maintained an Overweight rating on Amazon with a $2,600 price target.

How Amazon Could Become A Threat

Zoox positions Amazon to expand its total addressable market with food-delivery and ride-sharing services.

“AMZN’s innovation focus, capital to invest, and leading shipping volumes (and the miles driven along with them) make it one of the few companies that could build a product to compete with Waymo, Uber, Lyft and others,” Jonas wrote in a note.

Zoox’s capabilities would also position Amazon to rival automotive companies…CLICK for complete article