Amazon stock forecast: Wedbush expects solid results

  •   29/01/2020 - 17h52
  •   Adeline HARMANT

It is therefore today and through an official press release that the Amazon group has benefited from a rather positive and encouraging forecast about its future results. This is why we are now offering you the opportunity to find out more about this news and our analysis of the medium- and long-term development possibilities for this value.

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Amazon stock forecast: Wedbush expects solid results
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An "Outperformance" opinion confirmed this morning by Wedbush:

In the morning, Wedbush therefore officially confirmed his opinion about Amazon stock at Outperformance. However, we are expecting some interesting publications about the group this week, including Thursday's publication of the fourth-quarter results of this US giant specializing in online distribution.

As a result, this broker specializing in market analysis intends to achieve solid results for the quarter just ended, reflecting a rather positive holiday season, expecting EPS of around $5.04 and revenues of around $85.7 billion. As a reminder, the consensus was for EPS of $4.04 and revenues of $85.9 billion.

The Amazon group is indeed able to deliver substantial profit growth over the longer term by increasing expenses more slowly than revenues. At least that's what broker Wedbush said in his statement this morning.

It therefore expects the Amazon group to soon post above-consensus targets for its first quarter of 2020.


How to take a position on this stock in the medium and long term :

If you wish to take a position on this stock today and in future trading sessions, we recommend that you keep a buy position or take it if you have not already done so.A long-term strategy is still preferable for this stock and within the framework of this underlying trend, but you can also count on an equally positive rise in the short and medium term according to the consensus and the current forecasts of analysts.

Of course, we will of course monitor the impact of the coronavirus crisis currently affecting China, which could penalise the group, as well as the technical analysis that could send out negative signals and thus lower the share price despite the positive fundamentals that we have just mentioned.

The news will remain to be followed closely and any news coming from this company and its sector of activity will be good to analyze and study.