Is Amazon a good buy from the perspectives of Moomoo Analysts Ratings?
Analysts Ratings/Report
It is particularly noteworthy that ALL 42 analysts give Amazon a buy rating, with a low target price of $200 (about 10% higher than the last closed price of $181.30). Most if not all analysts expect Amazon Web Services (AWS) and advertisement revenues to fuel the growth of Amazon, continuing the healthy growth that we have seen over the past few quarters.
Starategy/caveat
1)Analysts ratings, as always, must be treated with caution and one should not purchase a stock due to the mere fact that the analyst ratings of the stock are very positive. Instead, conducting fundamental/technical analysis oneself is highly recommended, with analyst ratings being viewed as an indicator rather than determinant of whether a stock is a good buy.
2) Nonetheless, reading through the reports of several analysts may be useful as one may well overlook certain important information when conducting the fundamental/technical analysis. After all, analysts may have access to more information than the general public does and some may well be highly competent /experienced when it comes to analysing stocks (& they may well analyse the stock from very different standpoints). Based on the information detailed in the analysts ratings/report, one can then make an independent judgment on whether the stock is a good buy.
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