Amazon.com, Inc. (AMZN) Valuation
Rating: Moderate Overpriced
12-Month Fair Value: $157 – $179 – $200
Confidence: MEDIUM-HIGH
AMZN flat ($210→$210) while macro deteriorated. FV revised $195→$179 (-8.2%). $200B CapEx becomes riskier in recession — if AI spending slows, ROI drops. Consumer retail (66% of rev) exposed to oil-driven inflation. At $210, 5% above upper band. Downgraded from SLIGHT to MODERATE OVERPRICED. NT R/R 0.13:1.
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