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Amazon seen as undervalued as multiple growth engines strengthen outlook
Amazon’s diversified growth across e-commerce, cloud, advertising, and new ventures supports a bullish outlook, with analysts expecting earnings growth and valuation multiple contraction ahead.
Investor confidence around remains strong as analysts reiterate a bullish view despite limited recent share price movement. Amazon continues to dominate e-commerce and cloud services while its digital advertising business is expanding faster than key peers, supporting margin growth and ecosystem synergies. New initiatives such as cloud gaming via Luna and autonomous mobility through Zoox add optional long-term revenue streams.