AWS Will Keep Amazon Profitable For Years To Come

I'm reiterating Amazon with a Strong Buy rating and a price target of $364. I expect a 14% revenue growth rate to a 2027 revenue estimate of $913.9 billion and an EPS of $10.54. Amazon has historically traded at a 5-year average of 158x, so I think 27x is a discount. My analysis values Amazon at 34.5x, which is still modest.