Gap, Amazon Launch Get Blue™ Initiative to Provide Safe Water Access for 2.1 Billion People
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Global Water Crisis Initiative: Gap Inc., Amazon, Starbucks, and Ecolab have launched the Get Blue™ initiative aimed at providing safe water and sanitation access to 2.1 billion people, highlighting corporate leadership in social responsibility.
- Funding Commitment: The initiative will mobilize scalable capital through corporate brands and partnerships, with a portion of proceeds directly supporting Water.org's projects, expected to significantly enhance global water accessibility and sustainability.
- Corporate Engagement and Impact: Amazon has announced over 40 water replenishment projects expected to return upwards of 18 billion liters of water annually, showcasing the critical role of businesses in water resource management and community sustainability.
- Long-term Goals and Vision: Water.org aims to reach 200 million people with safe water by 2030, and the launch of Get Blue™ will accelerate this goal, fostering collaboration between businesses and consumers to promote sustainable water management globally.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 238.180
Low
250.00
Averages
294.69
High
340.00
Current: 238.180
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
