Amazon Shares Are Trading Higher: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Amazon shares are trading higher ahead of its second-quarter earnings report, with analysts predicting robust growth. Amazon Web Services (AWS) is expected to grow at 18% year-over-year, and Goldman Sachs has raised its 2025 GAAP operating income estimate for Amazon.
July 31, 2024 | 7:17 pm
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Amazon shares are trading higher ahead of its second-quarter earnings report, with analysts predicting robust growth. Amazon Web Services (AWS) is expected to grow at 18% year-over-year, and Goldman Sachs has raised its 2025 GAAP operating income estimate for Amazon.
Amazon's stock is experiencing a positive movement ahead of its earnings report, driven by strong growth expectations for AWS and an optimistic outlook from analysts. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100