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The e-commerce giant is grappling with higher costs.
Wall Street is confident that Amazon (AMZN 1.12%) can right the ship after overinvesting in capacity during the pandemic. Indeed, analysts think Amazon stock has a 31% upside from here.
*Stock prices used were the afternoon prices of April 18, 2023. The video was published on April 20, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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