CNBC analyst Jim Cramer appears settled on Amazon (AMZN) stock, suggesting that the stock is settling after its mixed earnings report. The company’s revenue was up 13% from the year before and also beat Wall Street’s $162.19 billion estimate. However, Amazon centered the Amazon Q3 profit warning on operating income guidance of $15.5-$20.5 billion for Q3, and this fell short of the $19.5 billion consensus. Thus, concerns over AWS growth emerged, and macroeconomic factors have led to a 7% drop in the past week.

Despite the dip, Cramer believes the stock’s sell-off creates a buying opportunity. ” Amazon reported what I thought was a good quarter… Much better than expected sales at every division, even if the web services margin was like, oh, give me a break. Unfortunately, Amazon gave mixed guidance, but they always do that.” Amazon stock forecasts remain bullish and suggest the stock will rebound in the coming months.

After its Q2 earnings report back in May, Jim Cramer said Amazon (AMZN) stock has immense potential to break out this year. He considered that Amazon’s AI development and investments have proven fruitful. Amazon’s usage of AI has greatly benefited AWS, its most profitable endeavor. Despite the slowing growth of AWS compared to competitors in cloud technology, its success still means growth potential for Amazon and AMZN shares.

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Stock forecasts for AMZN remain high, and experts from different firms are looking to buy the dip. JPMorgan analysts said they “would buy the pullback,” as Amazon shares have tumbled more than 8% in the last 48 hours. Amazon Web Services is a likely culprit for the stock slump, JPMorgan says. The cloud division’s revenue growth, while in line with analysts’ expectations, didn’t accelerate from the previous quarter

Despite that, the bank raised its price target to $265 from $255, implying 23% upside. Other analysts maintain a positive outlook, with price targets ranging from $248 to $297, suggesting potential upside from the current market price of $213. Analysts at UBS, which maintained a price target of $271, said investors shouldn’t be too worried about growing capex. “To sell the stock is to believe that management and the board are making the economically irrational decision, in our view, to invest an increasing amount of capital,” UBS wrote.