Amazon buying Target would 'accelerate an existing threat' to Walmart, says analyst who's doubling down on his call
In January, the venture capital firm Loup Ventures predicted #Amazon would acquire #Target in 2018, a forecast that hasn't come to fruition — at least not with three weeks left in the year. But the firm just doubled down on its forecast in a new note about Amazon. "We continue to believe the combination makes sense," managing partner Andrew Murphy wrote, pointing specifically to the physical retail presence Target could provide Amazon. Such a deal would also prove competitive to #Walmart, which currently has more than 5,000 locations in the US. On the first day of 2018, widely followed analyst Gene Munster of the venture capital firm Loup Ventures predicted Amazon would buy Target this year, a forecast that has yet to pan out with 22 days left. The firm just doubled down on that prediction, however, writing in a new note that the deal still makes sense. "Our prediction that Amazon would acquire Target in 2018 was wrong," Andrew Murphy, managing partner at ...