Look to the Upside on Amazon Stock

Amazon (NASDAQ: AMZN) is the leading eCommerce company and enterprise cloud services provider. Its stock has emerged as a breakaway success in the last decade. Even with the recent pullback in the market, it's one of the best growth picks there is. Investors may have cooled on Amazon but there is still potential here. The company continues to expand as a provider of cloud services through its AWS division. It has secured its position as the global leader in eCommerce. It has even successfully entered the streaming market through Amazon Prime Video. The company's diversification is an advantage. It spreads the revenue across several reliable streams. This will help the company to grow in the long term. Amazon's operating income was down in the previous quarter. But factors like a rising U.S. dollar and the War in Ukraine were partially responsible. Sales were up 7% in the quarter, underlining the company's forward growth in revenue. The stock is down more than 26% in the year to date. But this creates an opportunity for investors. The average target price of $178.70 suggests a huge upside over today's price of $122.65. This is an easy choice if you're investing for growth on the other side of the dip. There are more strong picks for informed investors to find. These investment strategies will lead to the best decisions. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Protect Your Family From America's Greatest Threat The "global financial elite" have already used the recent crisis to grab power and devalue the dollar… Bryce Paul, host of the leading cryptocurrency podcast, calls this America's Last Stand in this shocking new video. 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