I opened a call half an hour ago, 0500 New Zealand ⏰
Current Market Sentiment
• Current Price: Approximately $180.17
• Analyst Consensus: Strong Buy
• 12-Month Price Target: The average target is $205.38, with a high estimate of $245.00 and a low estimate of $140.00. This indicates a potential upside of about 14.15% to 36.17% from the current price
Amazon.com (AMZN) Stock Forecast and Price Target 2024
Reasons for Bullish Outlook
1. Strong Growth Prospects: Amazon’s revenue and earnings are expected to grow significantly. For 2024, the revenue is forecasted to increase by 13.25%, and earnings per share (EPS) are expected to rise by 59.53%
2. Positive Analyst Ratings: The majority of analysts rate Amazon as a strong buy, indicating high confidence in its future performance. Out of 45 analysts, 43 rate it as a buy, and 1 as a strong buy
Amazon.com (AMZN) Stock Forecast and Price Target 2024
3. Strategic Initiatives: Amazon is expanding its advertising revenues, introducing an ad-supported Prime plan, and growing its AWS and B2B platforms. These initiatives are expected to drive significant growth.
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- SPACE ROCKET·05-31Rocking it dearie!!!1Report