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home / news releases / AMZN - Amazon: Soaring Profits Are Just The Beginning

AMZN - Amazon: Soaring Profits Are Just The Beginning

Amazon.com Inc.

2024-06-27 10:32:17 ET

Summary

  • Amazon has crossed the $2 trillion mark for the first time, but I see more upside ahead.
  • AWS continues to see positive momentum in both accelerating top-line growth and expanding profit margins.
  • The stock is reasonably valued at around 41x this year's earnings, with potential for at least 15% annual return upside over the next 5 years.
  • I reiterate my strong buy rating for the best business in the world.

For further details see:

Amazon: Soaring Profits Are Just The Beginning
Stock Information
Company Name: Amazon.com Inc.
Stock Symbol: AMZN
Market: NASDAQ
Website: amazon.com
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