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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MarketMadness

Aug 4, 2021

4.00%

Change % Since Posting

3354.72

Price When Posted

134.20

Change Since Posting

AMZN

Amazon.com Inc.

3488.92

13.13
0.38%
Current Price

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

bullish

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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read-time
< 1 min

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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Other Catalyst

AMZN Channel

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