They said traders should look toward margin upside for Amazon, as well as the long-term opportunity in cloud services.
Amazon is still a buy after its latest earnings results, even with some weakness in Amazon Web Services, according to Wall Street analysts. The online retail stock initially jumped Thursday night after Amazon reported better-than-expected revenue in its first quarter . But those gains evaporated during the conference call as management expressed concern over the cloud business, which decelerated during the quarter.
mountain Amazon shares 1-day However, analysts stayed bullish long term on Amazon, citing continued upside in retail, but they urged investors to "stay patient" on AWS and look toward the long-term opportunity in cloud services. "We have to be honest ...
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