Investor sentiment high for Amazon due to strong holiday sales, cloud dominance, and upcoming earnings.

From Zacks Investment Research: 2025-02-04 16:48:24

Investor sentiment for Amazon remains high after record holiday season sales. Amazon leads in e-commerce over eBay, Alibaba, and JD.com. Amazon Web Services is the top cloud provider, beating out Microsoft Azure. Q4 results are anticipated on February 6, with sales expected to increase to $187.28 billion and EPS to soar to $1.52. Full-year sales are projected to reach $637.43 billion, with earnings per share climbing to $5.20. Trading at $240, Amazon’s valuation is reasonable compared to the S&P 500 and Microsoft. Amazon stock is a Zacks Rank #2 (Buy) with potential for continued growth.



Read more at Zacks Investment Research: Can the Surge in Amazon Stock Continue as Q4 Earnings Approach? – February 4, 2025