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Stocks rebound amid earningsEarnings mixed, Powell holds ratesMarkets weaken amid earningsThis summary was created by AI, based on 84 opinions in the last 12 months.
The experts are largely positive about Amazon.com, Inc.'s future prospects, highlighting its dominance in e-commerce, cloud computing, and AI. The company's strong performance in its AWS business and its potential for growth in digital advertising are also noted. Although concerns are raised about its valuation and the impact of high expenses during the pandemic, the overall sentiment is optimistic.
Overbuilt during pandemic, had to absorb fixed costs, has now grown into the expansion. Making really nice money on e-commerce. AWS has now returned to growth. Growing nicely into its valuation.
It has spent 20 years investing in infrastructure and is now in harvest mode for making profits, It expects to make $45 billion this year and $55 billion next year. It is able to expand its profits because it is growing in web services and advertising, and in fact is the third largest in online advertising. 85% pf spending is on the premises side and 15% on the cloud side. A switch in this ratio will increase revenue greatly. AI could cause even more expansion.
Growth is amazing and will accelerate. They have strength in cloud and data storage, and demand will only rise as companies use AI tools and that demand more cloud. He's happy to keep owning this.
It's a little too expensive. It comes down to valuation. It has a 3% free cash flow yield. (Forward PE is 43x.)
They report after the bell. He doesn't trade into the call. It's a good company with a good offering. Worth owning.
It reports Tuesday. Will they put up good ad revenues like Alphabet? They're spending alot on Nivida chips and AI. Have they reduced the cost of sending packages?
He prefers Microsoft. AI is here to stay, but valuations of these tech names have gotten ahead of themselves. Amazon is still growing with strong third-party ads and a cloud presence.
Overbuilt and overspent during Covid, but has grown into it. Has come off that trough. Fulfillment centres that were previously underutilized, are now going 24/7. AWS now upward trajectory, will dovetail with AI. Multiple's coming down.
Currently in a long term up trend. Stock price at all time highs. Very positive on outlook of business. Take away is that higher interest rates not negative pressure on business. Very high amounts of cash on the balance sheet. Support levels around 175 very sustainable. Expecting stock price to move into the 200 price range.
Really likes the business. Market has no patience right now, in this higher interest rate environment, for names that aren't profitable. Dominant in its markets. Now inflecting into profitability, rather than focusing just on growth, and that will continue. Valuation may continue to improve. Best logistics company in the world. Cloud, e-commerce, great ad business.
They use Nvidia's chips which drive down prices of web series while increasing speed and accuracy product recommendations to consumers.
Likes it. Leads in cloud and will lead in AI. A core holding, but he trades it. He'd buy it now.
It is a trail blazer in public cloud services. It has the largest market share in this but Microsoft and Google are chipping away at it. It should be the most profitable it has ever been in its history, but has to harvest this profitability in this and the next year to justify its high valuation.
Amazon.com, Inc. is a American stock, trading under the symbol AMZN-Q on the NASDAQ (AMZN). It is usually referred to as NASDAQ:AMZN or AMZN-Q
In the last year, 66 stock analysts published opinions about AMZN-Q. 55 analysts recommended to BUY the stock. 7 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Amazon.com, Inc..
Amazon.com, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Amazon.com, Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
66 stock analysts on Stockchase covered Amazon.com, Inc. In the last year. It is a trending stock that is worth watching.
On 2024-05-16, Amazon.com, Inc. (AMZN-Q) stock closed at a price of $186.89.
Q1 was a high bar, easily cleared. AWS profitability accelerated, up 17% YOY. Consistent revenue growth from retail and advertising. FCF margins rising. Management confident it can balance profits now and future investments. One of the premier stocks, yet trades at only 32x 2025, growing at 31%. PEG ratio close to 1. Lots more to go. No dividend.
(Analysts’ price target is $219.54)