According to Brent Thill, a long-time tech analyst at Jefferies, Amazon stock ( NASDAQ:AMZN ) has virtually priced in increased inflation and the possibility of a recession, which means that it is an excellent investment.
Investors are afraid that an increase in interest rates and the potential of a recession would have a detrimental influence on the profitability of an e-commerce company. As a result, the price of the company’s shares has decreased by thirty percent so far in the year 2022. Amazon stock ( NASDAQ:AMZN ) is the third worst performance within the well-monitored FAANG (Facebook, Amazon, Apple, Netflix, and Google) complex, outperforming the staggering 60% falls of both Meta and Netflix. FAANG stands for Facebook, Amazon, Apple, Netflix, and Google.
Thill recently published a fresh note in which he stated that he believes Amazon’s current stock price already embeds headwinds from a recession/cost inflation and anticipate the market to attach a higher value to core retail over time as cost headwinds are handled, and profitability grows.
Amazon Stock Price
More information, as provided by Thill in his recent notice to customers on Amazon ( NASDAQ:AMZN ), is as follows:
Aiming at a price of $165 (reiterated)
Rating: Buy (reiterated)
Assumed change in stock price: +42 percent
This month, Amazon.com Inc ( NASDAQ:AMZN ) will have its second annual Prime Day , which has the potential to be a significant sales booster for the company just in time for the key holiday shopping season.
A private survey conducted by JefData on August 31 among about 1,000 people in the United S...
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