AWS re-acceleration (Q1'24: +17%) and Advertising growth (+24%) indicate strong margin expansion. Robust EPS trajectory and multiple re-rating will drive AMZN well past $264. No cap at this level. 90% NO — invalid if global recession crushes consumer spend.
AWS re-acceleration (Q1'24: +17%) and Advertising growth (+24%) indicate strong margin expansion. Robust EPS trajectory and multiple re-rating will drive AMZN well past $264. No cap at this level. 90% NO — invalid if global recession crushes consumer spend.