Why would you invest in Amazon stock? (2024)

Why would you invest in Amazon stock?

Amazon's stock is up big since the start of 2023, but there's still room for more. After examining many stocks in today's market, I've concluded that Amazon (AMZN 0.86%) is one of the best buys available. Even though it's had a strong 2024, up 11%, I still think there is room for upside.

Is it a good idea to buy Amazon stock?

Wall Street analysts expect Amazon to reach a new high. Of the 61 Amazon stock analysts following the company, 95% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 208 for Amazon stock, according to FactSet.

What are the advantages of Amazon stock?

With that cash, Amazon can pay down debt, repurchase shares, or fund dividends. Those actions benefit shareholders and are the primary reasons for investing in Amazon's stock. Despite Amaozn's strength since the start of 2023 and so far in 2024, it's still a great buy right now.

What is the future of Amazon stock?

AMZN Stock 12 Months Forecast

Based on 41 Wall Street analysts offering 12 month price targets for Amazon in the last 3 months. The average price target is $209.59 with a high forecast of $230.00 and a low forecast of $175.00. The average price target represents a 16.19% change from the last price of $180.38.

What caused Amazon stock to rise?

Key Points. Amazon beat estimates on the top and bottom lines. Profits surged, driven by cost cuts and growth in higher-margin businesses. The company's steady growth and focus on efficiency should drive further profit improvements.

Is Amazon a good long term investment?

Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. AMZN is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.

Is Amazon a good stock to hold forever?

It's been one of the best stocks to ever own on the stock market, and it's up 82% over the past year alone. But there's so much more to come. Amazon is a forever stock, and it has many opportunities coming at it from its different businesses.

What are the best stocks to invest in 2024?

Is Amazon stock a buy or sell right now?

Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings. What was the 52-week low for Amazon stock? The low in the last 52 weeks of Amazon stock was 97.56.

Is Tesla a buy or sell?

Tesla has a conensus rating of Hold which is based on 9 buy ratings, 19 hold ratings and 7 sell ratings. What is Tesla's price target? The average price target for Tesla is $198.72. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Apple a buy or sell right now?

Apple's analyst rating consensus is a Moderate Buy. This is based on the ratings of 28 Wall Streets Analysts.

Is Amazon a growing stock?

AMZN is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 40.7% year-over-year for the current fiscal year, with sales growth of 11.6%.

Is Amazon still a growth stock?

Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024. Investors should take the time to consider AMZN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Why did Amazon stock lose value?

Much of Amazon's misfortunes are tied to the economy and macro environment. Soaring inflation and rising interest rates have pushed investors away from growth and into companies with high profit margins, consistent cash flow and high dividend yields.

How much is $10,000 invested in Amazon 10 years ago?

As a result, those who bought $10,000 worth of Amazon's stock in January 2013 would have $78,138.51 today, with an annual rate of return of 22.42%. The growth proves the importance of holding stocks over the long term, as doing so can safeguard your investment against short-term headwinds.

How much is $10 000 invested in Amazon 20 years ago?

Those gains translate to a 23.2% compound annual growth rate for Amazon compared to a 6.2% CAGR for the S&P 500 in that time. As a result, $10,000 in AMZN stock purchased 20 years ago would now be worth $645,262. A $10,000 investment in the S&P over the same period, however, would amount to $33,452.

How much is $10 000 invested in Apple 20 years ago?

Those gains translate to a 36.6% compound annual growth rate for Apple compared to a 7.4% CAGR for the S&P 500 in that time. That means that $10,000 in AAPL stock purchased 20 years ago would be worth about $5.08 million today, assuming reinvested dividends.

What's the best stock to buy and hold forever?

What will Amazon stock be worth in 2025?

If we apply the S&P 500's average price-to-earnings ratio (P/E) of 27 to this $70 billion in earnings, Amazon's stock would have a market cap of $1.89 trillion in 2025. This is slightly higher than the current $1.77 trillion valuation.

Who holds the most stock in Amazon?

Individual investors

Jeff Bezos: Owns 937,774,000 Amazon shares, or 9.02% of shares outstanding. Amazon's founder, executive chairman, and former CEO remains its largest stakeholder, with his stake in Amazon worth about $166 billion. Bezos gifted around $240 million worth of Amazon shares in 2023.

What are 3 good stocks to invest in?

What stocks will skyrocket in 2024?

What is a very good stock to invest in right now?

Along with Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL), Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best stocks to buy right now according to financial media.

How high will Amazon stock be in 5 years?

Trading at around 50 times forward-looking earnings and a little less than 3 times its trailing-12-month sales, Amazon shares could be in the ballpark of $400 apiece in 2028.

How to buy Amazon stock for beginners?