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Amazon CEO Jeff Bezos tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018.
Jason Redmond | Getty
Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials and the stock further before things get better.
“Historically it’s a good idea to buy AMZN shares in the 7th-8th inning of its investment cycles, closer to where we are coming out, but unfortunately it feels like we are only in the 3rd-4th inning,” said Barclays internet analyst Ross Sandler in a note to clients on Friday.
