Tech Bull Says Investors Should Take 'Advantage' Of Amazon Stock's 'Period Of Relative Underperformance' Ahead Of Q3 Earnings
Portfolio Pulse from Benzinga Neuro
Wedbush analysts suggest that Amazon's current underperformance presents a buying opportunity ahead of its Q3 earnings. Despite concerns over Project Kuiper costs, they maintain an Outperform rating and a $225 price target, expecting long-term margin growth driven by advertising and AWS revenue.
October 18, 2024 | 12:50 pm
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Wedbush analysts recommend taking advantage of Amazon's current underperformance, maintaining an Outperform rating and a $225 price target. They expect long-term growth from advertising and AWS, despite concerns over Project Kuiper costs.
The analysts' positive outlook and maintained price target suggest potential upside for Amazon's stock. The focus on long-term growth from advertising and AWS, despite short-term concerns, indicates confidence in future profitability.
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IMPORTANCE 80
RELEVANCE 100