Is Amazon Stock (NASDAQ:AMZN) Worth Buying Near 3-Year Lows?
23 November 2022 - 02:00PM
TipRanks
It's no secret that Amazon (NASDAQ: AMZN) has rewarded its
shareholders with spectacular returns over the past decade.
Nevertheless, following last year's peak market euphoria, shares of
Amazon have been gradually correcting, in line with the underlying,
deteriorating market conditions. In fact, at under $95, Amazon
stock is now trading near its three-year lows, which begs the
question of whether it's time to reconsider its investment case. In
my view, Amazon does have the potential to post massive net income
margins powered by its already highly-profitable Amazon Web
Services segment and economies of scale in its e-commerce
segment.
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Amazon.com (NASDAQ:AMZN)
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Amazon.com (NASDAQ:AMZN)
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