Nasdaq AMZN Amazon

By now, most people are familiar with cloud computing. If you own an Apple iPhone, you probably have access to iCloud, or you might be a user of Alphabet's Google Drive on another device. These are basic applications of cloud technology, which allows us to store our data online w

Amazon (AMZN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

The NASDAQ 100 Pre-Market Indicator is up 57.25 to 11,663.21. The total Pre-Market volume is currently 47,254,289 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.46 at $21.91, with 10,139,285 shares traded. T

The NASDAQ 100 Pre-Market Indicator is up 57.25 to 11,663.21. The total Pre-Market volume is currently 47,254,289 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.46 at $21.91, with 10,139,285 shares traded. T

European retailers fear this Christmas could be the worst in at least a decade as shoppers cut spending while the costs of doing business show no sign of abating, squeezing profit margins.

Shares of e-commerce giant Amazon ( NASDAQ:AMZN ) jumped more than 12% yesterday following the news that CEO Andrew Jassy will oversee the company's cost-cutting initiatives. Further, the stock price jump was aided by milder inflation (CPI) numbers for October. Given the long-term growth potential, the current valuation levels present a good buying opportunity. Yesterday, Jassy indicated that the company may consider trimming down or suspending certain unprofitable businesses. Amazon’s Alexa business, with over 10,000 employees, is also undergoing evaluation. Let’s take a deeper look at Amazon's stock and its long-term potential to arrive at the right investment decision. Amazon’s Long-Term Growth Story Amazon has a dominant position in two relatively essential business categories: Retail and Cloud. Both Retail and cloud computing have a large Total Addressable Market or TAM, presenting a significant growth opportunity. While the retail business posts hundreds of billions in revenues year-on-year, its AWS cloud business generated $62 billion in revenues in 2021 and is growing at 35%+ even at this scale with an operating margin above 30%.   Amazon has a very strong brand, driven by its 5/10-year head start versus competition in both e-commerce and the cloud. Overall, both businesses have a long runway for growth. Amazon’s Discounted Valuation Notably, Amazon is the world’s first public company to lose almost $1 trillion in market value. Amazon’s market capitalization has dwindled from $1.88 trillion seen last year to $975 billion currently. Given that Amazon houses multiple businesses under its umbrella, we believe EV/EBITDA is the better metric to evaluate Amazon’s valuation. The company is trading at a huge discount to its own historically high averages. At present, Amazon stock is trading at around 14x EV/EBITDA (on a forward basis), compared to its own five-year, historical average of 24x. This implies a huge 42% discount. Investors may want to buy Amazon stock, which may not be available at these attractive levels again. Is Amazon a Buy, Hold or Sell? The Wall Street community is clearly optimistic about the stock. Overall, the stock commands a Strong Buy consensus rating based on 32 Buys and one Sell. Amazon’s average price target of $142.29 implies 47.25% upside potential from current levels. Concluding Thoughts Amazon’s stock price is down almost 45% over the past year. A combination of supply chain issues, high inflation, and macroeconomic factors has caused a sharp decline in the company's stock price on a year-to-date basis. This could be an attractive entry point for investors. We expect the stock price to start inching up in the next couple of quarters as investors look past these near-term issues. No wonder, TipRanks’ Stock Investors tool shows that investors currently have a Positive stance on Amazon, with 3% of investors on TipRanks increasing their exposure to AMZN stock over the past 30 days. Read full  Disclosure

Shares of e-commerce giant Amazon (NASDAQ:AMZN) jumped more than 12% yesterday following the news that CEO Andrew Jassy will oversee the company's cost-cutting initiatives. Further, the stock price jump was aided by milder inflation (CPI) numbers for October. Given the long-term growth potential, the current valuation levels present a good buying opportunity.

Yesterday, Jassy indicated that the company may consider trimming down or suspending certain unprofitable businesses. Amazon’s Alexa business, with over 10,000 employees, is also undergoing evaluation.

Let’s take a deeper look at Amazon's stock and its long-term potential to arrive at the right investment decision.

Amazon’s Long-Term Growth Story

Amazon has a dominant position in two relatively essential business categories: Retail and Cloud. Both Retail and cloud computing have a large Total Addressable Market or TAM, presenting a significant growth opportunity.

While the retail business posts hundreds of billions in revenues year-on-year, its AWS cloud business generated $62 billion in revenues in 2021 and is growing at 35%+ even at this scale with an operating margin above 30%.  

Amazon has a very strong brand, driven by its 5/10-year head start versus competition in both e-commerce and the cloud. Overall, both businesses have a long runway for growth.

Amazon’s Discounted Valuation

Notably, Amazon is the world’s first public company to lose almost $1 trillion in market value. Amazon’s market capitalization has dwindled from $1.88 trillion seen last year to $975 billion currently.

Given that Amazon houses multiple businesses under its umbrella, we believe EV/EBITDA is the better metric to evaluate Amazon’s valuation. The company is trading at a huge discount to its own historically high averages. At present, Amazon stock is trading at around 14x EV/EBITDA (on a forward basis), compared to its own five-year, historical average of 24x. This implies a huge 42% discount. Investors may want to buy Amazon stock, which may not be available at these attractive levels again.

Is Amazon a Buy, Hold or Sell?

The Wall Street community is clearly optimistic about the stock. Overall, the stock commands a Strong Buy consensus rating based on 32 Buys and one Sell. Amazon’s average price target of $142.29 implies 47.25% upside potential from current levels.

Concluding Thoughts

Amazon’s stock price is down almost 45% over the past year. A combination of supply chain issues, high inflation, and macroeconomic factors has caused a sharp decline in the company's stock price on a year-to-date basis. This could be an attractive entry point for investors. We expect the stock price to start inching up in the next couple of quarters as investors look past these near-term issues.

No wonder, TipRanks’ Stock Investors tool shows that investors currently have a Positive stance on Amazon, with 3% of investors on TipRanks increasing their exposure to AMZN stock over the past 30 days.

Read full Disclosure

Amazon (NASDAQ: AMZN) has been one of the best investments on the market ever, delivering gains in the hundreds of thousands over its two-and-a-half decades as a publicly traded company.

Amazon (NASDAQ: AMZN) has been one of the best investments on the market ever, delivering gains in the hundreds of thousands over its two-and-a-half decades as a publicly traded company.

Digital payments giant PayPal (NASDAQ: PYPL) recently reported its 2022 third-quarter financials, posting revenue of $6.8 billion and adjusted earnings per share (EPS) of $1.08, both of which exceeded Wall Street forecasts. Nonetheless, the stock fell after the announcement thank

Meta Platforms’ stock (NASDAQ: META) has lost 71% YTD as compared to the 20% drop in S&P500. Further, the stock is currently trading around $96 per share, which is 44% below its fair value of $174 – Trefis’ estimate for Meta Platforms’ valuat

(RTTNews) - Amazon.com Inc is reviewing unprofitable business units as part of a sweeping effort to cut costs at the company, the Wall Street Journal reported citing people familiar with the matter.

(RTTNews) - Amazon.com Inc is reviewing unprofitable business units as part of a sweeping effort to cut costs at the company, the Wall Street Journal reported citing people familiar with the matter.

With Target TGT trading 39% off its high, investors are eagerly looking toward its Q3 earnings report on November 16.

Companies led by Asia's richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows.

The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations.  The report cited people familiar with the matter.

The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations.  The report cited people familiar with the matter.

What happened Shares of Amazon (NASDAQ: AMZN) surged 12% on Thursday, following an encouraging inflation report and news of more cost cuts designed to bolster the online retail giant's profitability.

The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes.

The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in about 2-1/2 years, as a sign of slowing inflation in October sparked speculation the Federal Reserve might get less aggressive with interest rate hikes.