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Barchart
Mohit Oberoi

Amazon Hits Record Highs Ahead of Q4 Earnings: Is AMZN Stock Still a Buy?

Amazon Amazon.com Inc. AWS

Amazon (AMZN) stock hit a record highs on Feb. 4 and its market cap topped $2.5 trillion. While the stock is lower in early trading Wednesday due to a broad-based tech selloff following Alphabet’s (GOOG) Q4 revenue miss, it is still outperforming the S&P 500 Index ($SPX) this year. Amazon will report its Q4 earnings tomorrow, Feb. 6, after the markets close. As has typically been the case over the last several quarters, several analysts are bullish on AMZN stock heading into the confessional. In this article, we’ll examine Amazon’s Q4 earnings estimates and analyze whether the stock is a buy after rising to record highs.

Amazon Q4 Earnings Estimates

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