From Morningstar: 2024-08-30 04:27:00

Amazon’s stock has dropped over 7% since earnings, now trading undervalued. Revenue was strong, profitability beat expectations, but Q3 guidance missed. With a wide moat, strong in e-commerce and cloud services. Fair value estimate at $195, economic moat wide. Financials strong, risks include market competition and regulatory issues as it expands globally.



Read more at Morningstar: Why we Think Amazon Shares Are Now a Buy