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F   13.20 (+1.07%)
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Amazon.com (AMZN) Stock Price, News & Analysis

$180.86
+1.03 (+0.57%)
(As of 10:45 AM ET)
Today's Range
$179.26
$181.70
50-Day Range
$151.71
$179.71
52-Week Range
$97.71
$181.70
Volume
9.60 million shs
Average Volume
43.81 million shs
Market Capitalization
$1.88 trillion
P/E Ratio
62.37
Dividend Yield
N/A
Price Target
$197.95

Amazon.com MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.1% Upside
$197.95 Price Target
Short Interest
Healthy
0.70% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.64mentions of Amazon.com in the last 14 days
Based on 118 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.

4.86 out of 5 stars

Retail/Wholesale Sector

7th out of 204 stocks

Catalog & Mail-Order Houses Industry

1st out of 21 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

France's Macron tells Brazilian execs that prospective Mercosur-EU deal is 'terrible' and outdated
French President Emmanuel Macron has told Brazilian executives that a proposed deal between the European Union and the South American trade bloc Mercosur is bad for both parties
Amazon pours an additional $2.75 billion into AI startup Anthropic
Amazon says it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Micron Technology Results Proves AI is Driving Storage Demand (AMZN)
Micron Technology Inc. (NASDAQ: MU) is synonymous with memory chips, just as Nvidia Co. (NASDAQ: NVDA) is synonymous with artificial intelligence (AI).
Oracle Stock is Ready to Stage its Next Leg Higher (AMZN)
Oracle Co. (NYSE: ORCL) is a giant in the computer and technology sector that originally got its start as the leader in relational databases in the 1980s.
eBay Steadily Climbs as Collectors Drive Growth (AMZN)
EBAY stock continues to move higher as the online marketplace is seeing strong demand in its growing collectibles business
'Winners and losers': The world of coffee is being reordered by EU laws to stop cutting of forests
New European Union rules aimed at protecting dwindling forests are reordering how the world gets its coffee
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
California work safety board approves indoor heat rules, but another state agency raises objections
As global warming raises temperatures, a California work safety board has approved standards that would require companies to protect employees from excessive indoor heat, particularly in warehouses
ESPN will remain the home of the College Football Playoff through 2031 under $7.8 billion deal
The College Football Playoff and ESPN have announced a deal that will give the network exclusive rights to the expanded postseason through the 2031 season
MacKenzie Scott donates $640 million -- more than double her initial plan -- to nonprofit applicants
The billionaire philanthropist and author MacKenzie Scott announced Tuesday she would give $640 million to more than 360 organizations in response to an application process she launched last year
Big tech outperformance coming to an end, says broker
Amazon Stock Outlook: What's Its Next Big Money Maker?
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
3/28/2024
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
+10.1%
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
$7.56 per share
Book Value
$19.43 per share

Miscellaneous

Outstanding Shares
10,387,380,000
Free Float
9,068,184,000
Market Cap
$1.87 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 Monday, March 25, 2024 at 11:35 AM.

Pros

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

  • Amazon's diverse revenue streams from retail, advertising, and subscription services provide stability and growth potential.
  • Strong presence in cloud computing through Amazon Web Services (AWS) offers a high-margin business segment with significant growth prospects.
  • Continuous innovation in electronic devices like Kindle, Fire tablets, and Echo keeps Amazon at the forefront of technology trends.
  • Expansion into media content production enhances customer engagement and loyalty, contributing to long-term value creation.
  • Current stock price reflects a solid financial performance and positive market sentiment, indicating investor confidence.

Cons

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

  • Intense competition in the e-commerce and cloud computing sectors may pressure margins and limit market share growth.
  • Regulatory scrutiny and antitrust concerns could lead to increased government intervention, impacting Amazon's operations and profitability.
  • Dependency on consumer spending patterns and economic conditions may expose Amazon to fluctuations in demand and market volatility.
  • Potential challenges in supply chain management and logistics could affect product delivery times and customer satisfaction levels.
  • Risks associated with global expansion efforts, including geopolitical tensions and currency fluctuations, may introduce uncertainties for investors.

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 brokerages have issued 12-month price targets for Amazon.com's stock. 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 year. This suggests a possible upside of 9.6% 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 shares have increased by 18.9% and is now trading at $180.63.
View the best growth stocks for 2024 here
.

Are investors shorting Amazon.com?

Amazon.com saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 72,820,000 shares, an increase of 8.9% from the February 29th total of 66,870,000 shares. Based on an average trading volume of 43,360,000 shares, the short-interest ratio is presently 1.7 days.
View Amazon.com's Short Interest
.

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) issued its earnings results on Thursday, February, 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The e-commerce giant had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a trailing twelve-month return on equity of 16.61% and a net margin of 5.29%. Amazon.com's revenue for the quarter was up 13.9% on a year-over-year basis. 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's stock split on the morning of Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly minted shares were payable to shareholders after the market closes 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 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 institutional and retail investors. Top institutional investors 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 3/28/2024 by MarketBeat.com Staff

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