Amazon has least downside risk among mega caps (NASDAQ:AMZN) – Seeking Alpha


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krblokhin/iStock Editorial via Getty Images

krblokhin/iStock Editorial via Getty Images
Amazon (NASDAQ:AMZN) is the mega cap presenting the least risk into 2023, according to MKM Partners analyst Rohit Kulkarni.
While Kulkarni recognized the rebound for many mega-cap names into the close of 2022 and
That said, the downside risk is not evenly distributed. For example, Kulkarni believes Alphabet (GOOGL) has the “highest likelihood of having a downward revision to its estimates” in 2023 among mega cap stocks.
“All in all, we believe Amazon screens as the Mega Cap with the least downside risk at current levels, followed by Meta Platforms (META) and then Alphabet (GOOG) (GOOGL),” he concluded.
Kulkarni retained a Buy rating on Amazon with a $145 price target.
Read more on the bull/bear debate on Amazon and Walmart.

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