Wall Street analysts are eyeing Amazon.com Inc (NASDAQ:AMZN) ahead of Q3 earnings season. Odyssey Capital Advisors’ Jason Snipe favors Amazon due to its Cloud business potential, predicting AWS to accelerate this quarter. Mairs & Power Balanced Fund sees AMZN as a lucrative investment with growth opportunities in retail and cloud services, capitalizing on market weakness to build its position.
Amazon offers growth potential in AI, Cloud, and e-commerce markets, with revenue expected to grow by 10% annually and EPS by more than 18% over the next few years. Concerns about AWS growth and competition from Oracle and Microsoft have impacted stock performance. While AMZN is promising, some AI stocks may offer higher returns with limited downside risk.
Read more at Yahoo Finance: Analyst on Amazon (AMZN): ‘AWS Will Accelerate’
