Trade Call: Amazon

3 months ago

Parkev Tatevosian, CFA

"I calculated an intrinsic value per share for Amazon at $38 per share. I spoke about Amazon as one of the best stocks to buy right now and the current market price is $255 while the intrinsic value per share I calculated is $38 per share. Just this morning alone, I upgraded Amazon stock because of the deal it announced with Open AAI where it will receive roughly $38 billion in cash flow in sales to its AWS segment, its most lucrative segment overall. I recently purchased Amazon stock for my own portfolio and I like the value I got for the shares I purchased and I still think it's an attractive option for long-term investors."

Trade call for Amazon emphasizing its AWS deal and a significant upgrade that underscores its attractiveness for long-term investors.

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