Amazon overreacted to a mediocre earnings report and is at a great price if you want in.

Hello, this is my first "idea" post just to try it out! I think that Amazon greatly overeacted to their mediocre earnings report. I think with ~80% of companies beating earnings sentiment for them to do so as well was far too high. I'm not saying the stock is undervalued per say, I haven't made an estimate there, but I think Amazon is going to continue to grow and that right now it is at a great point to jump in and buy some if you were thinking about it. 

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Amazon overreacted to a mediocre earnings report and is at a great price if you want in.

Aug 4, 2021

bullish

general Analysis

[< 1 min Read]

Hello, this is my first "idea" post just to try it out! I think that Amazon greatly overeacted to their mediocre earnings report. I think with ~80% of companies beating earnings sentiment for them to do so as well was far too high. I'm not saying the stock is undervalued per say, I haven't made an estimate there, but I think Amazon is going to continue to grow and that right now it is at a great point to jump in and buy some if you were thinking about it.

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AMZN

Amazon.com, Inc.

109.05

1.65
1.54%

Return

-
Position Return %
0.00
Position Return
3354.72
Price When Posted

Metrics

3690.19
Target Price
8/ 10
Confidence
1-2 Months
Timeframe
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Earnings Release
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News
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SEC
Filing
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Sentiment
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