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Amazon and Alibaba Have the Best Smart Score Among Large-Cap Stocks

Stock picking is a combination of art and science, and TipRanks offers investors a scientific approach with its Smart Score tool. This AI-driven tool uses natural language algorithms to analyze data from the stock market, providing investors with a simple score on a scale of 1 to 10 to predict the trajectory of a stock. Stocks with a perfect score of 10 are definitely worth a closer look.

Currently, Amazon and Alibaba are leading the pack with the highest Smart Score among large-cap stocks on the ‘Perfect 10’ list. Let’s delve into what sets these companies apart.

Amazon, a well-known online retailer, has grown from its humble beginnings to become the world’s largest online retailer with a market cap of $1.8 trillion. The company’s extensive brick-and-mortar infrastructure and rapid delivery guarantees have solidified its position in the market. In addition to its eCommerce business, Amazon offers a range of services including cloud computing, online gaming, home automation, TV streaming, ebooks, and grocery deliveries.

In the last quarter, Amazon reported $170 billion in revenue, a 14% increase from the previous year. With a net income of $10.6 billion, the company’s bottom line was bolstered by its cloud computing service, AWS, which generated $24.2 billion in revenue. For the full year of 2023, Amazon recorded $574.8 billion in total revenue, with a net income of $30.4 billion.

Analysts are optimistic about Amazon’s future growth potential, with Deutsche Bank analyst Lee Horowitz highlighting the company’s ability to continue generating income growth. With a Buy rating and a price target of $210, there is a potential upside of nearly 20% for Amazon’s stock.

Overall, Amazon has received positive reviews from 41 analysts, with a unanimous Strong Buy consensus rating. The stock is currently trading at $175.35, with an average target price of $208.48, indicating a potential gain of almost 19% in the next year.

In DailyBubble’s opinion, Amazon’s strong performance and diverse offerings make it a compelling investment opportunity for investors looking for growth potential in the tech and retail sectors.

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