Andy Jassy has published his first-ever letter to shareholders as Amazon’s CEO, addressing the company’s hits and mistakes throughout the pandemic. Here s our takeaway from it.
Amazon’s advertising business is a promising venture, as it grows fast and has high operating margins. Still, the company failed to meet Wall Street’s expectations for Q1. Is the hype over?
After the last earnings release, analysts almost unanimously downgraded their price targets for Amazon stock. Yet almost every single one of them remains bullish.