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May 24, 2022 11:37 AM

AMZN Amazon valuation is still high!  Short

Amazon.com, Inc.NASDAQ

Description

If you haven`t sold Amazon.com, Inc. (AMZN) at $2891, when you saw the slowest growth since 2001:


Then you should know that the 51.89 Price per Earnings ratio is still high compared for example to BABA, Alibaba, who has the same business model, but a P/E of 23.39 - which is still high, btw. Should be around 18 in my opinion.

So my price target for AMZN is $1900.

Looking forward to read your opinion about it.
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