Amazon (AMZN) Sees 36.7% AWS Growth, Price Target at $328.17
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAmazon (AMZN) reported a 36.7% growth in AWS, its fastest in 18 quarters. Despite this growth, AMZN trades at an 18x forward P/E ratio, lower than its five-year average. To reach $300 per share, a 19.1% upside is required, with analysts projecting a price target of $328.17. The stock has risen 9.13% year to date but has seen a decline of 7.49% in the past month. This information is crucial for investors considering potential price movements and market performance of AMZN.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Amazon.com Inc. (AMZN)
Amazon is the largest U.S. e-commerce retailer and, through Amazon Web Services (AWS), the leading cloud-infrastructure provider, with growing advertising and logistics arms.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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