- In the midst of a global pandemic, Amazon's growth engine (AWS Cloud and Ad business) continues to motor on unabated and now generates more free cash flow than ever before.
- The latest quarterly report highlights the immense resilience of Amazon's business, and I expect its stock to remain a market outperformer for the next decade.
- This article will focus on the long-term implications of Q3 results, and I will provide an updated valuation and projected return for the company.
- Furthermore, Amazon investors are well-positioned to weather a prolonged recession due to its unique business mix of consumer staples, consumer discretionary, cloud, digital advertising, and streaming.
- The COVID-19 pandemic is showing no signs of going away; however, the big tech companies continue to win. Hence, they are the new safe-haven stocks. Thus, I rate Amazon a buy at $3200.
For further details see:
Amazon: Same Old Song And Dance