Shares in Amazon.com, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good. Investors should buy the stock at current prices near $ 3090 in order to target the $ 3529.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The prospective high growth for the next fiscal years is among the main assets of the company
The company is in a robust financial situation considering its net cash and margin position.
Historically, the company has been releasing figures that are above expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For several months, analysts have been revising their EPS estimates roughly upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
The stock is in a well-established, long-term rising trend above the technical support level at 2410.22 USD
Stock prices approach a strong long-term resistance in weekly data at USD 3401.8.
Technically, the stock approaches a strong medium-term resistance at USD 3531.45.
With an enterprise value anticipated at 4.44 times the sales for the current fiscal year, the company turns out to be overvalued.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 107.65 times its estimated earnings per share for the ongoing year.
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