Amazon’s Q2 Shows Why It’s Still King, But Are Ratings Upgrades Too Late?

Summary:

  • Many are rushing to upgrade Amazon stock after spectacular Q2 results.
  • One critical cash flow metric turned positive, several segments improved, and a massive future opportunity is coming to AWS.
  • But is the stock still a buy after 60% YTD gains?
Business strategy concept

sankai

Are ratings upgrades too late?

A few months can be an eternity in the stock market, especially today when business conditions move extremely quickly.

Many analysts and investors were leaving Amazon (NASDAQ:AMZN) out in the cold at the opening


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Investors' goals, financial situations, timelines, and risk tolerances vary widely. The stocks mentioned may not be suitable for all. As such, the article is not meant to suggest action on the part of the reader. Each investor should consider their unique situation and perform their own due diligence.

The author is short the following options: AMZN JAN 2024 $150 CALL.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *