“Amazon: $2 Trillion Reached - More To Come”.

Ryan_Z0528
06-28

I bought $Amazon.com(AMZN)$ calls strike on August few days ago,and bought $Amazon.com(AMZN)$ shares on Thursday.

$Amazon.com(AMZN)$ rosed up by 2.19% show an 3-year rang break out.

The $190-$191 range has now become a crucial support zone to monitor for any short-term dips. To maintain the bullish sentiment, this area must hold.

1.An Analyst from seeking alpha stated that “Amazon: $2 Trillion Reached - More To Come”.

For sure it sounds reasonable.

Fundamentaly, $Amazon.com(AMZN)$ struggled to profit in 2022, contributing to its falling share price. Its net profit has been above 6% in the last few quarters. Maintaining a healthy profit will be key to more growth in its share price.

Several factors can help Amazon remain profitable in the years ahead. For instance, if AWS maintains dominance in cloud computing, it could boost Amazon’s stock price.

Other key factors include the company’s ability to expand its e-commerce business into new markets. Increasing efficiency through robotics and automation also can help cut costs.

There are many moving pieces. Amazon may continue facing regulatory scrutiny and union pressure. Investors may be rewarded if Amazon can navigate obstacles while growing key parts of the business.

2.Pubulic $Amazon.com(AMZN)$ stock forecast for 2025

Amazon’s revenue could be as high as $821.5 billion in 2025, compared to $574.8 billion in 2023.

Amazon stock increased more than 40% year over year as of June 5, 2024. But it isn't guaranteed to continue rising at this pace. 

Some predictions of Amazon stock suggest it could reach about $230 per share by the beginning of 2025. 

Turn to AMZN or GOOG as Semi Rally Cools Down?
Amazon's stock rose by about 4% today, pushing its market value above the $2 trillion mark for the first time. Yesterday, both Google and Microsoft reached new highs. Google's stock price hit $185. The semiconductor boom has cooled down, benefiting the big tech companies. --------------------- Among these three stable giants, which one is your pick? Have you made money from this? Will Amazon hit $200 nex week?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • OYoung
    06-29
    OYoung

    Yeah all AMZN can reply on is the AWS service….

  • KSR
    06-30
    KSR
    👍
  • michelloz
    06-29
    michelloz
    Great article, would you like to share it?
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