Amazon Stock "at a Good Price Point" If Investors Can Wait Out Rocky 2023: Analyst

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Amazon Stock "at a Good Price Point" If Investors Can Wait Out Rocky 2023: Analyst

Yahoo Finance2022-12-30

If can you look past what is likely to be a challenging start to 2023 for Amazon (AMZN), the bruised stock is a buy, says EvercoreISI's Mark Mahaney."I think the core thesis on Amazon is well intact,"...

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Tanyl
·2022-12-31
Great ariticle, would you like to share it?
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  2022-12-31
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Tanyl
·2022-12-31
Set long term buy call on AMZ
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NPC69
·2022-12-30
K
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  K
  2022-12-31
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KLCC
·2022-12-30
Time to start accumulating!?!? 😆
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It's going to take time for the Amazon ship to right itself, but it will right itself. I think depending on how long-term your horizon is, if you are willing to look out more than a year, I think Amazon's at a good price point here.\"Right now, that is a tall order to ask most investors given how tough Amazon's year has been financially and from a stock price perspective.Shares of the tech giant are now hovering at a fresh 52-week low and are down about 50% year to date, according to Yahoo Finance data. The stock is off by 13% in December alone.That performance rivals the dreadful performances from Amazon's counterparts in the closely followed FAANG (Facebook/Meta, Apple, Amazon, Netflix, Google) complex, with Meta enduring a 64% drop and Netflix plunging 51% year to date.As for its fundamentals, Amazon announced on Oct. 27 it missed third-quarter analyst estimates as top-line growth continued to cool and costs remained elevated. 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REUTERS/Brendan McDermidA few weeks after the lackluster quarter and outlook, Amazon reportedly began laying off around 10,000 workers in an effort to get its cost structure under control.EvercoreISI's Mahaney conceded that Amazon must go further on cost cuts if the stock is to work higher in 2023.\"Amazon is going to have some issues,\" he said. \"They need to get a little bit more aggressive on costs.\"","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9927672227,"gmtCreate":1672489542170,"gmtModify":1676538697378,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927672227","repostId":2295694896,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105408523,"gmtCreate":1672490028449,"gmtModify":1672490041257,"authorId":4087109808120260,"author":{"id":4087109808120260,"authorId":4087109808120260,"name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9927672227,"type":1,"supId":0,"prevId":0,"content":"<u>Yes</u>","text":"<u>Yes</u>","html":"<u>Yes</u>"}],"langContent":"EN"},{"id":9927672619,"gmtCreate":1672489529031,"gmtModify":1676538697378,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Set long term buy call on AMZ","listText":"Set long term buy call on AMZ","text":"Set long term buy call on AMZ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927672619","repostId":2295694896,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9927103167,"gmtCreate":1672411957759,"gmtModify":1676538687651,"author":{"id":"3584779133668268","authorId":"3584779133668268","name":"NPC69","avatar":"https://static.tigerbbs.com/47e7ac55312ae8dd1c9e7cb92adad089","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927103167","repostId":2295694896,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105409050,"gmtCreate":1672497630857,"gmtModify":1672497644086,"authorId":3584779133668268,"author":{"id":3584779133668268,"authorId":3584779133668268,"name":"NPC69","avatar":"https://static.tigerbbs.com/47e7ac55312ae8dd1c9e7cb92adad089","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9927103167,"type":1,"supId":0,"prevId":0,"content":"<u>K</u>","text":"<u>K</u>","html":"<u>K</u>"}],"langContent":"EN"},{"id":9927322527,"gmtCreate":1672404442969,"gmtModify":1676538686017,"author":{"id":"3582008315299880","authorId":"3582008315299880","name":"KLCC","avatar":"https://community-static.tradeup.com/news/9bb80ec21c9a6058fde21c8bb8c7b526","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Time to start accumulating!?!? 😆","listText":"Time to start accumulating!?!? 😆","text":"Time to start accumulating!?!? 😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927322527","repostId":2295694896,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":73,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}