<\/p>\n
This article first appeared on GuruFocus<\/a>.<\/p>\n Amazon.com Inc. (AMZN<\/a>, Financials<\/a>) was downgraded to Hold by Invictus Origin’s Oliver Rodzianko<\/a>, who warned that current valuation levels and macroeconomic risks justify caution despite the company’s fundamental strength.<\/p>\n The downgrade comes after investors became excited about AI driven growth, which has pushed up P\/E ratios across large-cap tech. Rodzianko said that Amazon’s future multiple seems too high and might go back to its average, especially when the market processes the high costs of AI-related investments.<\/p>\n Based on a forward P\/E of 25 and estimated FY27 profits per share of $10.25, the analyst set a 12-month price objective of $255 per share. That goal is lower than the current average estimate of $295.<\/p>\n Rodzianko also suggested moving portfolios toward lower-beta assets, such as government bonds, since he thought that equities prices may fall and the market might become tighter in the longer run.<\/p>\n Investors will turn to Amazon’s next quarterly results for further information on margins and long-term AI monetization methods, which are still important factors in determining the company’s value.<\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Amazon.com Inc. (AMZN, Financials) was downgraded to Hold by Invictus Origin’s Oliver…\n","protected":false},"author":3,"featured_media":487540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3453,64,220104,17970,220103,220105,67,132,68,220106],"class_list":{"0":"post-487539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amazon-com-inc","9":"tag-business","10":"tag-fundamental-strength","11":"tag-gurufocus","12":"tag-invictus-origin","13":"tag-rodzianko","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us","17":"tag-valuation-levels"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115826645303581545","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/487539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=487539"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/487539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/487540"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=487539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=487539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=487539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}