Is Amazon's Valuation 'More Attractive' Than Ever Before? Analyst Says It's Time To 'Aggressively' Buy His 'Favorite' Stock

Core Viewpoint - Amazon.com Inc is viewed positively by Evercore ISI's Mark Mahaney, who considers it his top stock pick currently, citing its potential for growth despite recent challenges [1][6]. Group 1: Stock Performance and Market Position - Amazon shares have declined approximately 7% year-to-date but are showing signs of stabilization in recent weeks [2]. - Mahaney believes Amazon is better equipped to handle the impacts of tariffs compared to other major tech companies, expecting the company to absorb some costs while passing others to consumers [2][3]. Group 2: Growth Prospects - Amazon's Amazon Web Services (AWS) reported a 19% year-over-year sales increase, contributing to $10.6 billion in operating income [4]. - The company anticipates first-quarter net sales growth of 5% to 9% year-over-year [4]. - Mahaney highlights the attractiveness of Amazon's stock at 25 times earnings, suggesting it is a favorable entry point for investors [5]. Group 3: Future Predictions - Mahaney predicts that Amazon shares, currently around $140, could exceed $200 by the end of 2024, driven by growth from AI efficiencies [6]. - As of the publication date, Amazon shares were trading at $205.27, reflecting a 0.99% increase [6].