Wall Street analysts think investors should buy the dip in Amazon, call cloud business a 'bright spot'

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Stock Markets,Amazon.Com Inc,Business News

Investors may way to consider buying the sell-off in Amazon shares, according to some Wall Street analysts.

Investors may way to consider buying the dip in Amazon , according to some Wall Street analysts. "We believe current levels represent a compelling entry point in our view for one of the better earnings growth stories in large-cap tech," wrote Deutsche Bank's Lee Horowitz. The commentary comes on the back of Amazon's disappointing second-quarter report . The e-commerce giant shed more than 12% on Friday after reporting a revenue miss and issuing weak guidance.

Here are Thursday's biggest analyst calls: Meta, Tesla, Reddit, Amazon, Wingstop, Arm, Dollar General, Carvana, Qualcomm, SoFi and more

 

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