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

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts see attractive prospects for these 3 stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Micron Technology and Amazon.
Source: nbcchicago - 🏆 545. / 51 Read more »

Top Wall Street analysts see attractive prospects for these 3 stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Micron Technology and Amazon.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Analysts overwhelmingly say buy Microsoft on post-earnings dip, AI story intactAnalysts on Wall Street think Microsoft's post-earnings pullback is a buying opportunity.
Source: CNBC - 🏆 12. / 72 Read more »