From Nasdaq: 2025-02-07 09:47:00

Shares of Amazon (NASDAQ: AMZN) have seen a 200% increase in the past two years, with 50% growth in the last year alone. Despite minor pullbacks, the tech giant remains resilient in a competitive landscape, presenting an enticing opportunity for investors even after last night’s earnings report.

Amazon’s latest earnings report exceeded expectations, with a 25% higher EPS and record-breaking revenue. While the first-quarter guidance was lighter than expected due to FX rate changes, analysts remain bullish on the stock. Rosenblatt Securities raised their price target to $287, suggesting a 20% upside potential.

Although some concerns were raised regarding subscription services sales and operating income, Amazon’s AWS platform is well-positioned to compete in AI. CEO Andy Jassy predicts a substantial decrease in the cost of AI, benefiting both Amazon and its customers. With an RSI of 61 and positive analyst outlooks, Amazon presents a strong buying opportunity post-earnings.



Read more at Nasdaq:: Why Amazon Could Be the Best Big Tech Investment of Q1