Amazon: I Was Wrong
Portfolio Pulse from
Amazon's stock has surpassed technical resistance levels, making a previous downgrade to 'Hold' seem misguided. Despite positive growth projections, the stock is considered overvalued by 20%, with expected market-like returns.
January 29, 2025 | 5:30 pm
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Amazon's stock has surpassed technical resistance levels, making a previous downgrade to 'Hold' seem misguided. Despite positive growth projections, the stock is considered overvalued by 20%, with expected market-like returns.
Amazon's stock has recently broken past significant technical resistance, indicating strong market momentum. However, the stock is now considered overvalued by 20%, suggesting limited upside potential in the short term. Positive revenue and EPS trends support growth, but the overvaluation tempers expectations for significant short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100