Amazon's Resilience: Bullish Outlook Amid Pullback

# Amazon Stock Analysis: 20% Upside Potential Despite Recent Pullback

In this insightful episode, we dive deep into Amazon's current stock position and future prospects. Trading at $224 per share after pulling back from its $258.60 yearly high, Wall Street analysts see significant upside potential with a consensus price target of $295.91 - representing nearly 20% growth opportunity.

Our analysis explores why 47 out of 52 analysts maintain "buy" ratings on the e-commerce and cloud giant, with major firms including Citizens, Oppenheimer, and Wedbush recently raising their price targets. We examine Amazon Web Services (AWS) as the primary growth catalyst, particularly highlighting Anthropic's expanded revenue projections to $17 billion by 2026 and what this partnership means for Amazon's future earnings.

The episode also breaks down Amazon's current valuation metrics, including its P/E ratio of 33.9 and attractive PEG ratio of just 0.65, plus why discounted cash flow analysis suggests the stock may be undervalued by nearly 42%. We look ahead to the upcoming February 5th earnings report that could validate analyst expectations and demonstrate the strength of Amazon's diverse business model spanning e-commerce, advertising, and cloud services.

Perfect for investors seeking comprehensive analysis of one of tech's most influential players and its potential for continued growth in 2024.

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This content was created in partnership and with the help of Artificial Intelligence AI