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Amazon Selloff Presents Buying Opportunity for Citi

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AMZN
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Citi has issued a buy recommendation for Amazon (AMZN) following a selloff related to an FTC lawsuit.

The backtested results of TipRanks' Smart Score indicate that buying Amazon on such occasions can lead to significant returns, with the model suggesting potential gains of up to $130 per share in some scenarios.

However, it is essential to note that backtested performance is not an indicator of future actual results and may under- or over-compensate for various market factors.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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