Amazon Stock's Recent Pullback Offers 'Unique Opportunity': Analyst
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Amazon shares have declined 9% in the past month, but WestPark Capital analyst Curtis Shauger views this as a buying opportunity. He initiated coverage with a Buy rating and a $280 price target, citing Amazon's e-commerce dominance and strong AWS performance. Shauger estimates AWS revenue growth of 20% in 2024 and highlights Amazon's low valuation multiples, suggesting potential for improvement. He believes the stock will rise as profitability becomes more evident.
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