Guggenheim analyst Robert Drbul said.
″“Over the next 12 months and long-term, we believe Amazon will continue to benefit from strong growth in profitable segments (AWS, advertising, 3P retail, subscription revenue) and expand its leadership moat across industries (retail, with Prime’s move to 1-day shipping, and cloud computing, among others),”
“We would use any pullback in shares as an incremental buying opportunity,” he said.