Investors continue to underestimate just how profitable Amazon can become over time. Strong demand for enterprise AI and advertising growth continues to drive impressive gains for Google.
Amazon reportedly plans to open a big-box store comparable to a Walmart or Target location in a Chicago suburb. The 229,000-square-foot facility would sell groceries, general merchandise and prepared foods, Bloomberg reported Friday (Jan. 9).
Chase Coleman is a heavy investor in tech stocks. Despite what many deem to be high valuations, Coleman is heavily concentrated in the "Magnificent Seven.
Amazon has proposed building a big-box retail store in a Chicago suburb that would be larger than a Walmart Supercenter. It marks Amazon's latest physical retail experiment, after it launched bookstores, a chain of fashion stores, convenience marts and supermarkets, scrapping some concepts along the way.
Amazon.com, Inc. is extremely attractively valued, with a projected FY2028 forward P/E of 19 and robust EPS growth drivers. AMZN's leadership in cloud and e-commerce, combined with strict cost control, supports a bullish long-term investment thesis. Wall Street consensus targets a 20% upside, with strong momentum in positive EPS revisions and potential for further upward price target revisions.
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