Amazon Stock Has a Likely Upside for Investors

AmazonAmazon Prime Day officially kicks off today. The two-day sales event is one of the biggest on the calendar this year, with some analysts expecting it will generate up to $10 billion worth of revenue for the world’s leading eCommerce company. Investors can consider Amazon.com Inc. (NASDAQ: AMZN) stock today. While pricey, it’s a compelling growth option that offers stability in an uncertain market.

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Amazon has generated strong revenue growth during the Coronavirus Pandemic. In its latest fiscal report, Amazon revealed Q2 revenue of $88.91 billion, compared to the $81.56 billion that analysts expected. Earnings were $10.30 per share, compared to the average prediction of $1.46 per share.

The holiday season traditionally leads to Amazon’s biggest quarter of the year, suggesting that revenue and earnings growth will be strong over the next three months. This is one of the most expensive large-cap stocks on the market today, but its high price attracts long-term investors, helping to keep growth predictable and volatility low. There’s an average target price of $3,738 on this stock today, indicating that there will be a strong upside for investors who buy now.

Key Data:

  • 1 Year Price Growth: 28%
  • YTD Price Growth: 32%
  • 3 Month Price Growth: 92%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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