媒体表示，亚马逊最近的强势表现得益于该公司强劲的季度财报，特别是在亚马逊网络服务（Amazon Web Services）云部门上取得了明显的增长动力，预计该部门将受益于与AI相关的长期利好。此外，亚马逊还对假日季做出了积极的销售预期。Amazon's highest increase on Wednesday was close to 3.3%, driving the Nasdaq 100 index to a new all-time high as well. Analysts say that despite hitting a record high, Amazon's stock valuation remains relatively low.
Amazon's stock price hit an intraday historical high on Wednesday, driving the Nasdaq 100 index to also hit a new high. Media analysis believes that this once again demonstrates that large technology companies are still investors' darlings in the market.
Amazon's stock price in the US rose by nearly 3.3% at the opening on Wednesday, reaching $206.08, breaking the highest point since July, and then narrowing to around 2%. Since the low in August, Amazon's stock price has risen by over 25%, with a year-to-date increase of 32%, surpassing the Nasdaq 100 index's 23% increase. Amid the general stock market rise after the US election, Amazon's performance was particularly outstanding.
Media reports indicate that Amazon's recent strong performance is attributed to the company's robust quarterly earnings, especially notable growth in the Amazon Web Services cloud division, expected to benefit from long-term bullish AI-related factors. In addition, Amazon has positive sales expectations for the holiday season.
Mike Bailey, Director of Research at FBB Capital Partners, stated,
"Amazon is performing excellently in all areas. Despite skepticism towards its cloud business, e-commerce, or advertising business, all three are functioning normally, bringing great value. The company's focus on costs and profitability makes it appear cost-effective even when reaching new highs in stock price, naturally making it a target for further shareholding, being an unexpectedly strong growing company with a lower-than-expected valuation."
Furthermore, the improvement in profitability has alleviated concerns about Amazon's valuation. Amazon's PE ratio is 29 times, although higher than the average level of the Nasdaq 100 index, it is far lower than the average PE ratio of over 53 times over the past 10 years.
Currently, amazon remains the consensus top pick on Wall Street, with approximately 94% of analysts recommending buying the stock. In addition, the current stock price is still about 15% below the average target price of analysts, indicating that market institutions believe there is potential for further price appreciation within the next 12 months.
