From Nasdaq: 2024-05-01 19:20:00

Amazon reported strong Q1 results, with AWS cloud segment driving growth. Sales were up 12% to $143.3 billion, beating estimates. Operating income rose 221% to $15.3 billion, with earnings beating expectations at $1.13 per share. Amazon expects 7-11% sales growth in Q2, with analysts raising price targets. Stock up 2%.
Investors are bullish on Amazon stock after impressive Q1 results. Amazon exceeded earnings estimates, with a strong performance from AWS. Analysts see potential for stock to rise further, with Zacks Price Target suggesting 20% upside. With continued growth and dominance in e-commerce and cloud computing, Amazon remains a strong buy.



Read more at Nasdaq: Time to Buy Amazon (AMZN) Stock After AWS Fuels Strong Q1 Results