AMZN - Amazon: Not Ideal To Start A Position Or Add To An Existing One (Rating Downgrade)

2024-06-13 00:18:22 ET

Summary

• Amazon's performance in 2023 and potential catalysts discussed.
• Financials show steady revenue growth, margin improvements, and strong profitability metrics.
• Outlook focuses on North American, International, and AWS segments, with valuation suggesting caution in adding or starting a position.
• Downgrading to Hold until I get better growth numbers for AWS.

Introduction

I wanted to revisit Amazon, Inc. ( AMZN ) to see how it performed throughout 2023 and talk a little about potential catalysts of the company that can help it perform well. AWS has the most potential to lift the company; however, I would like to see its growth rates accelerate once again, while the retail segments start showing that the future looks better than a year ago; therefore, I am downgrading to a hold rating and suggest being patient in this volatile environment....

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