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$Amazon.com(AMZN)$ break USD 300 after earnings? I believe that this is attainable within the next 12 months.
Like Google, Amazon is being re evaluated not just as a retailer but as an AI infrastructure play. Analysts at Jefferies and Barclays have already set USD 300 price targets, citing AWS re-acceleration and the efficiency of in-house AI chips.
Earnings Outlook: For the April earnings, TD Cowen predicts revenue & operating income to exceed consensus due to accelerating AWS growth.
If Amazon meets these projections and its forward P/E expands to the mid 30s, AMZN could climb toward USD 312.
I believe that Amazon is the most undervalued of the Magnificent 7. Its valuation is at its lowest point in nearly 2 decades.
It is time to start buying Amazon.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger
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