Amazon.com, Inc. (AMZN) Valuation Now Fully Represents AWS Strength: Global Equities

Trip Chowdhry believes that investors should now take profits on the stock market as it is fully evaluated
Global Equities Research analyst Trip Chowdhry is a pro bull for Amazon.com, Inc. (NASDAQ: AMZN). While maintaining its upbeat position on the American eCommerce and cloud computing society, it said in its research report that the company is about to make a profit on the stock market.
Mr. Chowdhry believes that the stock is now fully valued and trading at its peak, because there is no revenue catalyst. He said the conference to reinvent the Amazon Web Services (AWS) this year marked the peak of the point of view of cloud computing.
The research firm wrote that AWS's growth prospects remain intact as it can easily generate revenue growth in the range of 43-50% over the next three to five years. However, she believes the evaluation of AMZN's shares "fully compatible" with limited upside potential because it already takes into account the future growth prospects of the cloud services business.
The analyst noted that several journalists and people who are not high-tech in the investment community have recently been "sing praise" for the fastest growing segment of Amazon's business, now in final indicators.
Mr. Chowdhry pointed out, "The above is very scary .. that is the equivalent of Boy Shoemaker is saying how the AWS-AMZN Basically, this is the peak for AMZN stock !!!".
On the other hand, it is believed that the expansion of Amazon electronic commerce in the Indian market is not a wise decision and it is highly expected to fail. Therefore, investors should exclude online retail business opportunity in India for their bull thesis.
Unlike the United States, the online retailer is not going to get tax cuts from the Indian government in its early years. The analyst said investors should know the value of shares without Amazon AWS and this multiple would be allocated to each business segment.
Mr. Chowdhry believes that Amazon drones, Amazon and AmazonFresh Flex are "pure hot air" that lacks durability. It concluded the report by reaffirming that its vision has not changed with respect to the AWS; I simply think AMZN shares "now reflects the full strength" of the cloud services activity. Amazon shares fell 0.90% to $ 765.21, from 11:09 EST on Thursday.