Amazon's stock sports 'compelling' opportunity after pullback, says analyst

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Amazon's stock sports 'compelling' opportunity after pullback, says analyst
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Evercore ISI sees Amazon as a dislocated high-quality stock.

Amazon.com Inc. shares have sold off about 13% from their recent peak closing price. That makes for a “compelling” entry point, according to an Evercore analyst.

Mahaney reiterated his upbeat view of Amazon in a note discussing the potential threat from Chinese marketplaces Shein and Temu that have seen exploding traction recently. The “competitive risk is real,” according to Mahaney, but it’s likely been “very overstated.”His recent survey work has shown that the threat from the Chinese marketplaces is “overstated and underappreciates some of Amazon’s enduring competitive advantages.

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