Amazon will buy Target this year, venture predicts

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

The internet giant will acquire 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 Whole Foods Market.

'Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” Munster wrote, noting both companies focus on mothers and families. 'Getting the timing on this is difficult, but seeing the value of the combination is easy.”

Market-share numbers suggest a deal would be approved by regulators, and Wal-Mart Stores still would have a larger share than an Amazon-Target combination, Munster said.

Munster co-founded Loup Ventures, a venture capital firm focused on virtual reality and artificial intelligence, in early 2017. Before that, he'd worked for 21 years as an analyst at Piper Jaffray Cos., where he was known for his accuracy in predicting Apple Inc.'s financial potential.

Last month, CFRA bank analyst Ken Leon wrote that he foresees the internet company buying a small- or mid-sized bank in 2018.