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Is the Restaurant Industry Amazon's Next Target?

TheMotleyFool 
0 0 18.07.17
Is the Restaurant Industry Amazon's Next Target?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png
 

Diners' interest in getting food delivered to their doorstep is on the rise, and restaurant chains and tech firms alike are taking note. Food delivery could spark a new arena of competition in the restaurant industry and shake up emerging technology as a dreaded disruptor -- Amazon (NASDAQ: AMZN) -- enters the fray.

According to a Morgan Stanley research report, some $210 billion of restaurant food is eaten off-premise each year. Only $11 billion of that is delivered after being ordered online, so there is a huge runway for growth as more and more people order online.

Image source: Getty Images.

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Source: Fool.com

Amazon.com Inc. Stock

€225.70
-0.570%
The price for the Amazon.com Inc. stock decreased slightly today. Compared to yesterday there is a change of -€1.300 (-0.570%).
Currently there is a rather positive sentiment for Amazon.com Inc. with 204 Buy predictions and 7 Sell predictions.
With a target price of 258 € there is a slightly positive potential of 14.31% for Amazon.com Inc. compared to the current price of 225.7 €.
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