Still Mighty On Solid Fundamentals


  •, Inc. revenue growth is on a rebound.
  • Spending remains elevated as company continues to expand rapidly.
  • Amazon is entering four new markets in the first half of the year.
  • Reiterating Buy Rating and 1-Year Price Target of $140/share for, Inc.

Large Amazon distribution warehouse


Investment Conclusion

Following upbeat F4Q2022 financial results, we remain constructive on, Inc. (NASDAQ:AMZN), as outlined in our initiation report on the company, published in January. Although, earnings disappointed driven by a ~$2.3 billion loss in AMZN’s investment in Rivian Automotive, Inc. (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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