Why AMZN Is a Stock Worth Considering!

Large Caps 2 replies 0 votes 1285 views
Amy Swift 9 months

Let me share my thoughts on Amazon.com, Inc. (NASDAQ:AMZN), and why I believe it's a stock worth considering! 

The thing that caught my attention is Amazon's impressive financial performance. In Q1 2023, their revenue jumped by a remarkable 9.4% YoY, reaching a staggering $127.4 billion. Talk about growth! It's clear that Amazon is a force to be reckoned with in the market.

But what's really intriguing is the fact that despite its performance, AMZN remains undervalued. Analysts project a juicy +20.2% compound annual growth rate (CAGR) for EBITDA over the next few years, while the company's forward EV/EBITDA multiple sits at just 13.0x. 

 

Forgot Password?
Don't have an account? Sign up