Amazon: Not Ideal To Start A Position Or Add To An Existing One (Rating Downgrade)


  • Amazon’s performance in 2023 and potential catalysts discussed.
  • Financials show steady revenue growth, margin improvements, and strong profitability metrics.
  • Outlook focuses on North American, International, and AWS segments, with valuation suggesting caution in adding or starting a position.
  • Downgrading to Hold until I get better growth numbers for AWS.

aws (Amazon Web Services) office in Houston, Texas, USA.

JHVEPhoto/iStock Editorial via Getty Images


I wanted to revisit Amazon, Inc. (NASDAQ:AMZN) to see how it performed throughout 2023 and talk a little about potential catalysts of the company that can help it perform well. AWS has the most potential

Analyst’s 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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