Amazon.com

AMZN
Real-time BATS EXCHANGE - 08/22 04:58:50 pm
1801.125USD
-1.05%

A good timing to anticipate a change in the trend

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David Meurisse
Contributor / Partner

Strategy published on : 08/13/2019 | 09:50

long trade
Live

Entry price : 1783$
Target : 1960$
Stop-loss : 1730$
Potential : 9.93%

The timing from a technical point of view appears attractive to go long in shares of Amazon.com and to anticipate a trend reversal.
Investors have an opportunity to buy the stock and target the $ 1960.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has poor fundamentals for a short-term investment strategy.


Strengths

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● 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.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● With an expected P/E ratio at 75.31 and 52.84 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.

Zonebourse.com 2019
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