Reported 6 months ago
Although some investors worry about buying stocks at all-time highs, it's crucial to analyze the long-term prospects of quality businesses like Amazon (NASDAQ: AMZN). Despite a recent new all-time high, Amazon's stock remains attractive due to the company's continued success across its various divisions, particularly in areas like e-commerce and AWS cloud computing. Amazon's efficiency improvements, revenue growth, and potential for higher profits in 2024 make it a compelling investment choice, even though the stock trades at a high valuation. Analysts are optimistic about Amazon's future earnings potential, signaling further growth opportunities throughout 2024.
Source: YAHOO