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'The best-positioned mega-cap tech company': What Wall Street is saying after Amazon's earnings

Akin Oyedele   

'The best-positioned mega-cap tech company': What Wall Street is saying after Amazon's earnings
Stock Market1 min read

Jeff Bezos, owner of The Washington Post, delivers remarks at the grand opening of the Washington Post newsroom in Washington January 28, 2016.  REUTERS/Gary Cameron

Thomson Reuters

It's hard to find many analysts who are bearish on Amazon right now.

The company reported a third straight quarter of record profit on Thursday, and a 31% jump in revenue year-over-year, to $29.6 billion.

Amazon Web Services, the cloud-computing platform, continued to be its fastest-growing and most profitable business, growing revenue by 58%, to $2.88 billion.

Traders barely moved Amazon's stock after the earnings release. But many of the analysts who cover the company seemed more enthusiastic.

Here's a roundup of some of the commentary:

Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.

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