Attractive ValuationValuation is reasonable at 12.8x EV/EBITDA compared to the 10-year average of 17.4x, making it an attractive investment.
Cloud Services GrowthAmazon Web Services is expected to grow 19-20% in 4Q, which could look good on a relative basis.
Consumer Shopping DominanceAmazon continues to dominate in online consumer shopping, drawing the biggest audience to October sales events and being the most popular among consumers compared to competitors like Walmart and Target.