Amazon.com Inc

Amazon runs large online stores, a marketplace for third-party sellers, and a fast delivery network for customers worldwide. It also runs Amazon Web Services (AWS), which sells cloud computing, storage, databases, and AI tools to businesses. Amazon earns advertising revenue from sponsored listings and streaming content. It also operates physical stores and sells devices like Kindle and Echo.

Financial health looks solid: the company has more cash than debt and can comfortably afford its interest payments. The main watch-outs are heavy spending on data centers and logistics, large lease commitments, and a recent one-time gain that boosted reported earnings; the latest quarter also included sizable legal and severance charges. Growth is healthy—sales rose around the low teens with AWS up 20%—but the stock isn’t cheap on EV/EBITDA and forward P/E, so it needs continued strong execution to work. Net-net, we see modest upside over 12 months with balanced risks, and we’d stay disciplined around earnings updates and any signs of slower cloud demand or rising regulatory costs.