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Barchart
Barchart
Mark R. Hake, CFA

Amazon's Huge Increase in Positive Free Cash Flow Augurs Well for AMZN Stock

Amazon (AMZN) said its Q3 sales rose 11% net of currency changes, but its free cash flow was up 170% from the prior quarter. Moreover, its FCF margin spiked. That implies AMZN stock could rise further.

As of Nov. 7, AMZN stock is at $142.81 per share, which is near its highs over the last year. This article will explore why AMZN could rise even further based on its free cash flow growth.

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