From Morningstar: 2024-08-02 07:38:00

Amazon’s solid Q2 results prompted an increase in its fair value estimate to $195 per share, up from $193. Revenue grew 10% YOY to $148.0 billion, with AWS and advertising segments showing strong growth at 19% and 20% respectively. Operating profit hit $14.7 billion, with margins up at 9.9%. Shares are considered increasingly attractive post-pullback.



Read more at Morningstar: Amazon Earnings: Stock Attractive After Sell-Off