Amazon Will Buy Target This Year, Gene Munster Predicts

January 2, 2018 at 11:56 AM UTC

Updated on

January 2, 2018 at 6:03 PM UTC

Amazon.com Inc.’s shake-up of the retail landscape may not be over, according to one well-known technology analyst.

The internet giant will acquire discounter Target Corp., Loup Venture co-founder Gene Munster wrote in a report highlighting eight predictions for the technology industry in 2018. Amazon made waves in retailing last year with its $13.7 billion purchase of upscale grocer Whole Foods Market Inc.