AMZN Stock Forecast: Long-Term Upside Potential In Macro Storm

Le HaiThis article was written by Le Hai – Financial Analyst at I Know First.

Summary:

  • Key indicators beat expectations in a downward economic environment
  • AWS is a fast growing, highly profitable business with powerful moats
  • AWS is a fast growing, highly profitable business with powerful moats Be bullish on Amazon Ads, AWS, and ultimately its core businesses running at a positive operating margin
  • I recommend Buy and project a target price of $140 on a year-horizon based on STOP model

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