Why I Doubled My Position In Amazon
Portfolio Pulse from
Amazon's AWS segment is significantly boosting its operating profit growth, leading to a strong financial performance. The company exceeded Q3 estimates, indicating potential for a strong Q4. Despite a high profit multiple, Amazon's growth in cloud and eCommerce supports a higher valuation, with a target of $240.
November 08, 2024 | 2:00 am
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Amazon's AWS segment is driving significant profit growth, leading to a strong financial performance. The company exceeded Q3 estimates, suggesting a strong Q4. Despite a high profit multiple, Amazon's growth in cloud and eCommerce justifies a higher valuation, with a target of $240.
Amazon's AWS segment is a major contributor to its profit growth, which has led to exceeding Q3 estimates. This indicates strong future performance, justifying a higher valuation. The intrinsic value target of $240 suggests potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100