Q3 performance shows growth potential, receiving high praise from Wall Street. Is Amazon close to dividends and buybacks?
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Amazon's third-quarter performance exceeded market expectations, and Wall Street analysts are optimistic about its growth prospects and stock price upside. Morgan Stanley analysts pointed out that retail EBIT surpassed expectations, while Wedbush analysts emphasized that operating profits have exceeded guidance for seven consecutive quarters. Evercore ISI analysts recommend a bullish outlook, believing that AWS and advertising revenue will drive future profit growth. Analysts mentioned that Amazon may pay dividends and conduct buybacks as profitability improves, with cash reserves exceeding $100 billion
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