Is Amazon Stock a Buy Going Into 2023 After Nike's Report?

By Neil Rozenbaum – Dec 21, 2022 at 10:15AM

NASDAQ: AMZN

Amazon

Market Cap

$1,868B

Today's Change

(3.43%) $5.95

Current Price

$179.62

Price as of April 26, 2024, 4:00 p.m. ET

Long-term investors should love the current valuation.

In this video, I will talk about Amazon (AMZN 3.43%), specifically some new price targets from analysts and news about AWS. I'll also go over the crucial Nike (NKE 0.19%) second-quarter earnings and what they could mean for the rest of retail as we head into 2023.

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*Stock prices used were the closing prices of Dec. 20, 2022. The video was published on Dec. 21, 2022.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon.com. The Motley Fool has positions in and recommends Amazon.com and Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.