Amazon Stock: Buy Now, Pay Off Later, Says Analyst

Quick Summary:

Amazon.com Inc.(NASDAQ:AMZN) remains a compelling investment opportunity despite increased infrastructure spending planned for the coming year, according to Bernstein analyst Mark Shmulik, who maintains an “Outperform” rating on the stock with a $235 price target.

The analyst highlighted several key factors supporting his optimistic outlook: AWS revenue growth shows promising momentum heading into the fourth quarter.

Core business operations are “on solid footing and accelerating.”

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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United States

Topics: Analyst Color News Kaustubh Bagalkote US0231351067 Benzinga Price Target Markets AMZN Expert Ideas Tech Reiteration Bernstein Equities Benzinga neuro Mark Shmulik

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 08:07:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23427143

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