Top tech analyst says this FAANG stock is at an ‘inflection point’ — and gives it 33% upside
All five FAANG stocks have now reported earnings this quarter — and for Evercore ISI's Mark Mahaney, the worst is now firmly behind one of the tech giants. That stock is Amazon , which posted an overall loss of $2 billion for the quarter ended June. It was stung by a $3.9 billion loss on its Rivian investment, but saw revenue growth that beat expectations.
Read more JPMorgan says growth stocks now look 'more interesting' — and picks names to buy the dip Wall Street pros think there’s more inflation pain ahead — and reveal how to trade it 'Churning out good cash': Analyst says a slowdown could boost these global stocks Amazon announced this week it is raising prices for its Prime subscription service in the U.K. and across Europe, following similar price hikes in the U.S. in February.
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