Amazon currently holds a 'B' rating (63.49%) and has shown strong performance over the past 12 months with a return of 23.35%. This outperforms the S&P 500 by 37.4 percentage points, which has a return of -14.05%. Financially, Amazon exhibits strong indicators including earnings per share (EPS) of 53.6744, net profit per share of 1.9452, operating cash flow per share of 6.9418, and free cash flow per share of 1.6393. Notable data includes cash per share of $6.2167, book value per share of $17.7265, tangible book value per share of $15.5225, shareholder equity per share of $17.7265, and interest-bearing debt per share of $13.4218.
Recent news highlights a 71% increase in Amazon's stock price this year, bouncing back from a 50% drop in 2022. Q3 financial results exceeded most analysts' expectations, with revenues reaching $143 billion, a 13% year-over-year increase. Despite AWS revenue falling short of expectations, Amazon's dominance in burgeoning sectors like e-commerce and cloud computing makes it an attractive investment. The current price-to-sales ratio is below the 10-year average, indicating a recovering real estate market.
Additionally, Amazon has established a strategic partnership with Moderna Automotive Group, starting online car sales from 2024. Customers can buy cars through Amazon's platform and choose local dealer delivery or pickup. This partnership positions Amazon as Moderna's digital transformation partner, leveraging AWS cloud services, and introduces in-car Alexa by 2025. The deal bolsters Amazon's dominance in AWS cloud computing and creates new potential revenue streams.
Technically, Amazon has re-entered an upward channel, with daily RSI and CCI indicators showing no oversold signals. This suggests market expectations of a price increase. Strong support is evident at the S1 level, indicating a short-term target (T1) for a quick test at $160. In summary, Amazon's future prospects seem bright, and it is recommended for mid-term investment portfolios.
Entry price: $135-150
T3: $196
T2: $170
S1: $140
S2: $134
S3: $125
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