Wall Street analysts urge clients to buy Amazon on any weakness despite the company's disappointing second-quarter earnings report.
Shares of the company nevertheless fell 1% to $1,945 in premarket trading., that was below what analysts were expecting. The company is also making expensive investments in shipping for its Prime members and is seeing increased international competition and regulatory challenges.
"Still, we believe investors will prefer the trade-off of profits for growth & we like how AMZN continues to raise the bar in online retail."
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