The analysis uses a discounted cash flow valuation model to determine the intrinsic value of Amazon's stock. The calculated intrinsic value per share is $285.17, while the current market price is $231.23. The analysis notes that even at the 52-week high of $242, the stock appeared undervalued. The 52 week low was $161. The analyst says worldwide IT spend is still 85-90% on premises with Amazon aiming to convert these clients to the cloud. According to Amazon's CEO Andy Jassy, Amazon is well positioned to grow marketshare in cloud and artificial intelligence.