Is Amazon (AMZN) Stock a Buy After Jassy’s 40% AWS Growth Forecast?

TLDR Amazon closed at $250.69 on Tuesday, up 2.06%. AWS revenue hit a record $45.9 billion, up 39%. AWS backlog reached $578 billion, and Jassy sees 40%+ growth in 2027 and 2028. Q3 EPS of $1.89 missed the $1.97 estimate. Analyst consensus is Moderate Buy with a $321.02 target. Amazon closed at $250.69 on Tuesday, up 2.06% on the day. The stock was down 15% from its August record high as of last Friday’s close. Amazon.com, Inc., AMZN The pullback follows third-quarter results on Oct. 29 that were mixed on the headline numbers. Earnings per share came in at $1.89, against the $1.97 analysts expected. Revenue was $201.94 billion, just under the $202.22 billion estimate. That still marked 12.1% growth from a year earlier.

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