Amazon sees low P/E ratio and increasing AWS backlog
AMZN Amazon.com Inc
$262.48 +3.31%
View chart & analysis → - 1Amazon Web Services (AWS) revenue growth reached 37%.
- 2Amazon's AWS remaining performance obligations reached $496 billion.
- 3Amazon is currently trading at a P/E ratio of 20x.
So what's the key point?
Amazon's cloud service revenue grew by 37%. The metric used to see if a stock price is expensive compared to earnings has become lower, which is meaningful for investors.
Source Nasdaq +1 · View original ↗
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