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 $178.22, up 0.83% from the previous day, and has increased 93.36% in one year. It has overperformed other stocks in the Internet Retail industry by 0.73 percentage points. Amazon stock is currently +102.25% from its 52-week low of $88.12, and -0.28% from its 52-week high of $178.73.
At the moment, there are 10.39B shares of AMZN outstanding. The market capitalization of AMZN is $1.85T. In the last 24 hours, 31.58M 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 29 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.
Nicholas Jones, a top 2% analyst from JMP Securities maintains AMZN with a buy rating and raises their AMZN price target from $175.00 to $225.00, on Feb 2, 2024.
Brad Erickson, a top 5% analyst from RBC Capital maintains AMZN with a buy rating and raises their AMZN price target from $180.00 to $215.00, on Feb 2, 2024.
Josh Beck, a top 3% analyst from Raymond James maintains AMZN with a strong buy rating and raises their AMZN price target from $185.00 to $200.00, on Feb 2, 2024.
Scott Devitt, a top 5% analyst from Wedbush maintains AMZN with a buy rating and raises their AMZN price target from $210.00 to $220.00, on Feb 2, 2024.
Shyam Patil, a top 15% analyst from Susquehanna maintains AMZN with a strong buy rating and raises their AMZN price target from $185.00 to $220.00, on Feb 2, 2024.
Susquehanna's Shyam Patil raised their price target on Amazon (NASDAQ: AMZN) by 18.9% from $185 to $220 on 2024/02/02. The analyst maintained their Strong Buy rating on the stock.
After assessing Amazon's Q4 and FY 2023 earnings report, released on 2024/02/01, the analyst increased their price target because the company returned "a strong beat and CSOI [operating income] raise."
Further, Patil said, management "sounded notably bullish about the various opportunities across the board."
Susquehanna continues to view Amazon as a long-term secular grower underpinned by its strong e-commerce, Cloud, and advertising segments, the analyst reported.
For Q4 2023:
For FY 2023:
For Q1 2024, management guided:
CEO Andy Jassy commented: “This Q4 was a record-breaking holiday shopping season that closed out a robust 2023 for Amazon.
“While we made meaningful revenue, operating income, and free cash flow progress, what we’re most pleased with is the continued invention and customer experience improvements across our businesses.
"The regionalization of our U.S. fulfillment network led to our fastest-ever delivery speeds for Prime members while also lowering our cost to serve; AWS’s continued long-term focus on customers and feature delivery, coupled with new genAI capabilities like Bedrock, Q, and Trainium have resonated with customers and are starting to be reflected in our overall results; our Advertising services continue to improve and drive positive results; our newer businesses are progressing nicely, and along with our more established businesses, collectively making customers’ lives easier and better every day.
"As we enter 2024, our teams are delivering at a rapid clip, and we have a lot in front of us to be excited about.”
You can dig deeper into what analysts are forecasting on the Amazon stock forecast page.
Last year, AMZN earnings were $30.43B. In the past 5 year, AMZN's earnings have grown by 23.33% per year. This was slower than the Internet Retail industry average of 31.08%.
Last year, AMZN revenue was $574.79B. During the past five year, AMZN's revenue has gone up by 19.8% per year. This was slower than the Internet Retail industry average of 26.59%.
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 $86,500.00 worth of AMZN stock on Feb 22, 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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