Amazon.com Inc. has faced a tough month with an 8.79% drop, contributing to an 18% year-to-date decline. Despite this, Piper Sandler maintains an 'Overweight' rating after adjusting its price target down to $215, predicting Q1 revenue of around $153 billion, driven by AWS's projected 17% growth. Jefferies also lowered its price target to $250 yet kept its 'Buy' rating. While concerns about sustainable growth trade at Amazon emerge, its major revenue drivers, like AWS and ad sales, indicate a solid foundation for long-term investment.
Amazon is facing substantial headwinds this year, but the stock remains fundamentally sound with a "Strong Buy" rating.
AWS, AI and ad sales continue to be major drivers for the Magnificent Seven stock.
Investors may wonder whether growth can continue at Amazon's historic pace, and whether the stock is safe as a long-term holding.
Piper Sandler forecasts AWS growth of 17% year-over-year and anticipates guidance ranges for Q1 revenue of $153B.
Collection
[
|
...
]