Good entry point?

AMZN is selling off and is now a BUY point on my spreadsheet.

This is based largely on Morningstar’s analysis.
Their 5* price is $2460.
However, I bias it higher and AMZN at $2720 is now a BUY on my sheet.

When I look at earnings and growth rates, it’s not encouraging.

$41.83 last year
$40.97 this year
$51.16 next year

Earnings yield 1.5%
Growth Rate 11%
So, next years Earnings yield could be 1.7%.
That silly low with rising rates.