Previous close | 3.3400 |
Open | 4.0000 |
Bid | 3.4500 |
Ask | 3.5500 |
Strike | 195.00 |
Expiry date | 2024-06-21 |
Day's range | 3.4000 - 4.3000 |
Contract range | N/A |
Volume | |
Open interest | 14.51k |
Amazon is headed down a path to hit a key sales milestone in 2024.
Amazon reported strong first-quarter results, with revenue and operating income ahead of expectations. The company delivered operating income of $15.3 billion, above consensus of $11.3 billion, while reporting better-than-expected growth in both Amazon Web Services (+17.2% year over year versus Street +15%) and advertising (+24.3% Y/Y versus Street +23.5%). Amazon has now reported operating income above the high end of its guidance range for five consecutive quarters, and the company has a number of drivers for further margin expansion in place, including continued cost efficiencies within its fulfillment network as well as the ongoing mix shift toward higher-margin AWS and advertising revenue.
The average brokerage recommendation (ABR) for Amazon (AMZN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?