Reported about 17 hours ago
Amazon's shares are currently valued at their lowest price-to-earnings (P/E) ratio in three years, falling to 30 times, even as broader market concerns grow due to a potential recession. Despite a recent 16.5% drop in its stock price, analysts continue to favor Amazon, with 95% recommending it as a Strong Buy. Investors are worried about growth in Amazon Web Services (AWS), which saw a slowdown, but the prevailing sentiment remains that Amazon's current valuation may provide a buying opportunity.
Source: YAHOO