Wall Street Missed The Real Story In Amazon's Q2
Summary
Amazon's Q2 results were solid and in line with my expectations, despite a steep post-earnings sell-off that I view as u...
Amazon's Q2 results were solid and in line with my expectations, despite a steep post-earnings sell-off that I view as unjustified. Key growth drivers - cloud, advertising and 3rd party - are performing at or above my case assumptions, supporting long-term upside. My updated DCF analysis shows Amazon is fairly valued even in a pessimistic scenario, with up to 93% upside in the bull case.
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