1 Green Flag for Amazon in 2023, and 1 Red Flag
Amazon's (NASDAQ: AMZN) stock plunged nearly 50% in 2022 over concerns about profit declines in its retail segments. Its shares are up 52% so far in 2023 as its e-commerce business recovers from macroeconomic headwinds and the company expands its efforts in artificial intelligence (AI). The fall and partial recovery illustrate the importance of holding on to great stocks during a market downturn.
Despite the solid financial recovery and the promising outlook in AI, Amazon's stock still has some ways to go before being considered a bargain buy. Amazon shares remain on the pricier side in terms of valuation, so it's worth learning more about this company before loading up on its stock.
As you analyze the stock as a potential long-term buy, here's one green flag and one red flag for Amazon in 2023.
Source Fool.com
