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Amazon.com (AMZN) Stock Price, News & Analysis

$174.04
-0.44 (-0.25%)
(As of 09:40 AM ET)
Today's Range
$173.52
$174.63
50-Day Range
$151.37
$178.75
52-Week Range
$95.70
$180.14
Volume
1.95 million shs
Average Volume
45.44 million shs
Market Capitalization
$1.81 trillion
P/E Ratio
60.01
Dividend Yield
N/A
Price Target
$197.95

Amazon.com MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.5% Upside
$197.95 Price Target
Short Interest
Healthy
0.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.81mentions of Amazon.com in the last 14 days
Based on 109 Articles This Week
Insider Trading
Selling Shares
$5.51 B Sold Last Quarter
Proj. Earnings Growth
30.39%
From $4.08 to $5.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Retail/Wholesale Sector

10th out of 205 stocks

Catalog & Mail-Order Houses Industry

1st out of 14 stocks

AMZN stock logo

About Amazon.com Stock (NASDAQ:AMZN)

Amazon, or Amazon.com, is the world's largest and leading portal for eCommerce. It was founded by Jeff Bezos, incorporated in 1994, and later went public in 1997. The company is headquartered in Seattle, Washington, and is a member of the influential FAANG group of stocks. When it comes to stocks, Amazon is proof that small companies can do big things; the AMZN stock price was pennies when it was first listed and now it trades well over $100 (split adjusted) per share.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users.

Today, Amazon operates in three segments including North America, International, and Amazon Web Services. The first two segments are the core retail business while Amazon Web Services includes a host of Internet-related services for consumers and businesses alike. A little-known fact is that Amazon Web Services is as important to the function of the Internet as Google because of the infrastructure it provides and it hosts so many business websites.

Services provided by Amazon for merchants include listing, fulfillment, and advertising as well as subscriptions. Services provided by Amazon Web Services include cloud computing, storage, database maintenance, analytics, machine learning, and even artificial intelligence. In regard to the company's operations, Amazon Web Services is the smaller of the three segments but is a fast-growing and well-established part of the business that has had a positive influence on the AMZN stock price.

Among the many ancillary services provided by Amazon is Kindle Direct Publishing. This is a cloud-based service that enables writers and publishers to publish their works directly in the Kindle Store. Kindle, if you are unaware, is an Internet-connected tablet designed for reading books but also streams other forms of entertainment. Amazon also develops and publishes its own media content that is available via Kindle or the Amazon App that can be found on most smart TVs.

Amazon is also a disruptor, moving into new digital markets whenever it thinks it can make a profit. The move into streaming is only one example, another is a push into healthcare. Amazon Prime is another disruptive move and is a subscription service that entitles members exclusive access to Amazon services.

Amazon's stock price can be affected by factors including the pace of revenue growth, profitability, growth in the AWS segment, and any stock splits that may occur. The Amazon share price was impacted by splits 4 times between the IPO in 1997 and June 2022 and additional splits should be anticipated. The forecast for Amazon stock, splits aside, is for steadily increasing price action punctuated by pullbacks, corrections, and consolidations. While there is competition for Amazon, this company is entrenched and will stand the test of time because eCommerce is the way businesses thrive in today's markets.

AMZN Stock Price History

AMZN Stock News Headlines

Going Long Nvidia Still Makes Sense: Here’s Why (AMZN)
NVIDIA is a crowded trade with a risk of correction, but investors should embrace the dip (if it comes) and stay long in this trade: AI has legs.
This Sector Ready to Outshine Key Rival, Says New Report
That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.
Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
This Sector Ready to Outshine Key Rival, Says New Report (AMZN)
Consumer discretionary stocks are likely to outpace consumer staples, says Bank of America. Consumers' resilience and greater automation are driving growth.
What Does Ciena’s Forecast Cut Say About Optical Demand for AI? (AMZN)
Ciena issued soft 2024 guidance, but the stock remains a cautious buy because of its 50% market share in the data center interconnect market
The Honest Company is Undergoing an Honestly Solid Turnaround (AMZN)
The Honest Company stock is up 30% after the company issued a bullish outlook for 2024 revenue and earnings, particularly in the second half of the year
Claim Your Complimentary Bitcoin Reward
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.
Watch for Tech Giants to Boost Share Buybacks in 2024
Watch for robust earnings growth at big techs such as Meta Platforms Inc. NASDAQ: META, Nvidia Corp. NASDAQ: NVDA, Microsoft Corp. NASDAQ: MSFT and Apple Inc. NASDAQ: AAPL to increase the rate of share buybacks this year, says a recent report from Goldman Sachs.
Watch for Tech Giants to Boost Share Buybacks in 2024 (AMZN)
Goldman Sachs foresees substantial growth in stock buybacks from leading tech companies like Meta Platforms and Apple, possibly surpassing $1 trillion by 2025.
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
3/18/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
Employees
1,525,000
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$197.95
High Stock Price Target
$230.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+13.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
44 Analysts

Profitability

Net Income
$30.43 billion
Pretax Margin
6.53%

Debt

Sales & Book Value

Annual Sales
$574.79 billion
Cash Flow
$7.37 per share
Book Value
$19.43 per share

Miscellaneous

Outstanding Shares
10,387,380,000
Free Float
9,109,733,000
Market Cap
$1.81 trillion
Optionable
Optionable
Beta
1.17

Social Links

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Should I Buy Amazon.com Stock? AMZN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Amazon.com was last updated on Sunday, March 17, 2024 at 5:10 PM.

Pros

Here are some ways that investors could benefit from investing in Amazon:

  • Amazon's consistent revenue growth and market dominance in e-commerce and cloud services make it a stable investment option.
  • With the company's continuous innovation and expansion into new markets, there is potential for long-term growth and increased profitability.
  • Analysts have set high price targets for Amazon, indicating positive sentiment and potential for stock price appreciation.
  • Amazon's strong financial position and cash reserves provide stability and flexibility for future investments and acquisitions.
  • Considering the current stock price and market trends, Amazon presents a compelling opportunity for investors seeking exposure to a leading tech giant.

Cons

Investors should be bearish about investing in Amazon for these reasons:

  • Amazon faces regulatory scrutiny and antitrust concerns, which could lead to potential legal challenges and restrictions on its business practices.
  • The competitive landscape in e-commerce and cloud services is intense, with rivals constantly trying to capture market share from Amazon.
  • Market volatility and economic uncertainties may impact Amazon's stock price, leading to short-term fluctuations and investor anxiety.
  • Amazon's vast scale and diverse business operations make it susceptible to operational risks and logistical challenges, especially during global crises.
  • Investors should carefully consider Amazon's valuation metrics and potential overvaluation risks in the current market environment.

AMZN Stock Analysis - Frequently Asked Questions

Should I buy or sell Amazon.com stock right now?

44 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last twelve months. There are currently 1 hold rating, 42 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMZN shares.
View AMZN analyst ratings
or view top-rated stocks.

What is Amazon.com's stock price target for 2024?

44 equities research analysts have issued twelve-month price objectives for Amazon.com's shares. Their AMZN share price targets range from $116.00 to $230.00. On average, they anticipate the company's share price to reach $197.95 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
View analysts price targets for AMZN
or view top-rated stocks among Wall Street analysts.

How have AMZN shares performed in 2024?

Amazon.com's stock was trading at $151.94 at the beginning of the year. Since then, AMZN stock has increased by 14.8% and is now trading at $174.48.
View the best growth stocks for 2024 here
.

When is Amazon.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our AMZN earnings forecast
.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) released its quarterly earnings results on Thursday, February, 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. The e-commerce giant had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a trailing twelve-month return on equity of 16.61% and a net margin of 5.29%. The company's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share.
Read the conference call transcript
.

When did Amazon.com's stock split?

Amazon.com shares split on the morning of Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly created shares were payable to shareholders after the closing bell on Friday, June 3rd 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

What guidance has Amazon.com issued on next quarter's earnings?

Amazon.com issued an update on its first quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $138.0 billion-$143.5 billion, compared to the consensus revenue estimate of $142.1 billion.

What is Andrew Jassy's approval rating as Amazon.com's CEO?

18,663 employees have rated Amazon.com Chief Executive Officer Andrew Jassy on Glassdoor.com. Andrew Jassy has an approval rating of 83% among the company's employees. 74.0% of employees surveyed would recommend working at Amazon.com to a friend.

What other stocks do shareholders of Amazon.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amazon.com investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), General Electric (GE), Alphabet (GOOG), Walt Disney (DIS) and Salesforce (CRM).

Who are Amazon.com's major shareholders?

Amazon.com's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.42%), Vanguard Group Inc. (7.42%), Price T Rowe Associates Inc. MD (1.85%), Norges Bank (1.12%), Northern Trust Corp (0.86%) and Capital Research Global Investors (0.77%). Insiders that own company stock include Adam Selipsky, Amazon Com Inc, Andrew R Jassy, Brian T Olsavsky, Daniel P Huttenlocher, David H Clark, David Zapolsky, Douglas J Herrington, Jeffrey P Bezos, Jeffrey P Bezos, John G Sznewajs, Jonathan Rubinstein and Shelley Reynolds.
View institutional ownership trends
.

How do I buy shares of Amazon.com?

Shares of AMZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Amazon.com have any subsidiaries?
The following companies are subsidiares of Amazon.com: 2lemetry, A100 ROW Inc., AbeBooks, Accept.Com, Aditya Birla Fashion and Retail, Alexa, Amazon Data Services Inc., Amazon Technologies Inc., Amazon US Services LLC, Amazon Web Services Inc., Amazon.com NV Investment Holdings LLC, Amazon.com Sales Inc., Amazon.com Services LLC, Amiato, Amie Street, Angel.ai, Annapurna Labs, Audible, Back To Basics Toys, Biba, Blink, Body Labs, BookSurge, Bookpages, Brilliance Audio, BuyVIP, CDNOW, Canvas Technology, Cloud9, Clusterk, Comixology, Convergence Corporation, CustomFlix, Dispatch, Double Helix Games, E8 Storage, EMVANTAGE Payments, Elemental Technologies, Evi, Exchange.Com, Fabric.com, GameSparks, GlowRoad, Goodreads, Graphiq, Health Navigator, IMDB, INLT, IVONA Text-To-Speech, Immedia, Joyo.com, Junglee, Kiva Systems, LOVEFiLM, Leep Technology, Lexcycle, Liquavista, LiveBid, MGM Studios, Mobipocket.com, Orbeus, OurHouse, Perpule, PillPack, PlanetAll.com, Prione, Pushbutton, Quidsi, Quorus, Reflexive Entertainment, Ring, Rooftop Media, Safaba Translation Solutions, Screentech, Selz, Shelfari, Shoefitr, Shopbop, SnapTell, Souq.com, Stanza, Tapzo, TeachStreet, Telebook, TenMarks Education, TextPayMe, The Book Depository, Touchco, Twitch, Umbra3D, UpNext, Veeqo, Whole Foods Market, Without A Box, Woot, Yap, Zappos, Zoox, dpreview, and eero.
Read More
This page (NASDAQ:AMZN) was last updated on 3/19/2024 by MarketBeat.com Staff

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