Warren Buffett might be tempted to buy more Amazon stock as it has 3 levers to unlock value, Evercore says
is stock a Warren Buffett could buy again because it has three clear levers to unlock value heading into 2023, Evercore ISI said in a Sunday note.
Those trillion-dollar opportunities, which include retail, the cloud, and advertising, are what likely led Buffett's Berkshire Hathaway toThat stake was worth $1.2 billion at the end of the third-quarter, according to 13F filings. Evercore lowered its Amazon price target to $150 from $170 due to proprietary datapoints indicating softness in online retail and cloud computing demand, but that still represents potential upside of 76% from current levels.
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