Here’s Why Amazon (AMZN) is a Strong Value Stock

From Nasdaq: 2024-05-09 09:40:11

Zacks Premium provides tools to help investors make informed decisions in the stock market, including the Zacks Rank, Zacks Industry Rank, Equity Research reports, and Premium stock screens. The Zacks Style Scores rate stocks based on value, growth, and momentum criteria, helping investors choose stocks with the best chance of outperforming the market.

Amazon (AMZN) is a top stock to watch, with a #2 (Buy) Zacks Rank and strong VGM and Value Style Scores. Analysts have revised earnings estimates upwards, and the stock has a history of positive earnings surprises. With a forward P/E ratio of 41.4, AMZN offers attractive valuation metrics for value investors.

Zacks names a top stock pick with potential to double or more in the near future. This American AI company has secured clients like BMW and GE, with prospects for significant growth. While not all picks are winners, this stock has the potential to surpass previous Zacks recommendations that saw significant gains.



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