Wow, analyst believes best case for Amazon in recession is 80/shr. 45/shr in cards. would still hold out for Amazon either reaching the range between $65 and $72 or - in a more extreme case - the support level around $45. I know these price targets might seem absurd to many Amazon bulls, but the combination of growth slowing down due to a potentially severe recession and a stock price built on high growth expectations could easily lead us there.
This analyst doesn't even mention Walmart now has top market shr in grocery delivery, Newer China sites growing hundreds millions US customers selling most Amazon products 80% off. Or fact Amazon debt has ballooned from 42-89B in 4 yrs. Yes, Amazon has lost tens billions in last 5 yrs, considering rising operating costs. It's great cheap service for customer, unfortunately, not for long term shareholders. It's actually amazing the stock is much more expensive now than when it peaked at 187 in 21. All market bubbles pop, this will be no exception.
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