Amazon. com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally.
Amazon stock last closed at $184.70, up 0.58% from the previous day, and has increased 59.91% in one year. It has overperformed other stocks in the Internet Retail industry by 0.34 percentage points. Amazon stock is currently +62.33% from its 52-week low of $113.78, and -3.65% from its 52-week high of $191.70.
At the moment, there are 10.41B shares of AMZN outstanding. The market capitalization of AMZN is $1.92T. In the last 24 hours, 31.81M AMZN shares were traded.
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After you have decided on the best place to buy Amazon stock, it's important to evaluate their stock prior to buying, so you actually comprehend the risk and upside.
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on AMZN's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AMZN's true value.
Using relative valuations metrics:
You can do more valuation research on AMZN's stock here.
Out of 31 Equities analysts who monitor AMZN, the consensus analyst rating on Amazon is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Rohit Kulkarni, a top 2% analyst from Roth MKM reiterates AMZN with a strong buy rating and raises their AMZN price target from $205.00 to $210.00, on May 1, 2024.
Nicholas Jones, a top 1% analyst from JMP Securities reiterates AMZN with a buy rating and maintains their AMZN price target from $225.00 to $225.00, on May 1, 2024.
Daniel Kurnos, a top 12% analyst from Benchmark reiterates AMZN with a strong buy rating and maintains their AMZN price target from $200.00 to $200.00, on May 1, 2024.
Doug Anmuth, a top 1% analyst from JP Morgan maintains AMZN with a strong buy rating and raises their AMZN price target from $225.00 to $240.00, on May 1, 2024.
JP Morgan's Doug Anmuth raised their price target on Amazon (NASDAQ: AMZN) by 6.7% from $225 to $240 on 2024/05/01. The analyst maintained their Strong Buy rating on the stock.
After reviewing Amazon's 2024/04/30-dated Q1 print, Anmuth said their confidence in the company's near- and long-term investment opportunities has grown even more robust.
Amazon remains their "best idea," the analyst added.
Now that it has established a steady stream of profit and free cash flow, Amazon can invest substantially while increasing operating margins, Anmuth told investors.
The analyst said this implies that the company has moved past the stage of alternating between hefty investments and better profitability.
For Q1 2024, Amazon reported:
For Q2 2024, management guided:
President & CEO Andy Jassy commented: “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results.
“The combination of companies renewing their infrastructure modernization efforts and the appeal of AWS’s AI capabilities is reaccelerating AWS’s growth rate (now at a $100B annual revenue run rate); our Stores business continues to expand selection, provide everyday low prices, and accelerate delivery speed (setting another record on speed for Prime customers in Q1) while lowering our cost to serve; and, our Advertising efforts continue to benefit from the growth of our Stores and Prime Video businesses.
“It’s very early days in all of our businesses, and we remain excited by how much more we can make customers’ lives better and easier moving forward.”
Scott Devitt, a top 3% analyst from Wedbush reiterates AMZN with a buy rating and maintains their AMZN price target from $225.00 to $225.00, on May 1, 2024.
You can dig deeper into what analysts are forecasting on the Amazon stock forecast page.
Last year, AMZN earnings were $37.68B. In the past 5 year, AMZN's earnings have grown by 24.27% per year. This was slower than the Internet Retail industry average of 42.84%.
Last year, AMZN revenue was $590.74B. During the past five year, AMZN's revenue has gone up by 19.59% per year. This was slower than the Internet Retail industry average of 27.04%.
You can research AMZN's earnings and revenue performance here.
Over the past year, executives and large shareholders at AMZN have sold more shares than they have bought.
Adam Selipsky, CEO Amazon Web Services of AMZN, was the latest AMZN insider to sell. They sold $92,840.00 worth of AMZN stock on May 16, 2024.
Learn more about who owns AMZN shares here.
No, Amazon doesn't provide an income stream by paying out dividends.
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