Analyst Ratings Coverage
Roth MKM Partners (Analyst Rank#68) has maintained its “Buy” rating on Amazon Inc., the e-commerce giant, and raised its target price from $130 to $155. This indicates that Roth MKM Partners believes Amazon’s stock has potential for further growth and recommends buying stock based on the current valuation.
AMZN Stock Forecast & Analysis
According to the forecast from 38 analysts, the average analyst target price for Amazon.com Inc over the next 12 months is USD 135.70. This indicates that, on average, analysts expect the stock to appreciate in value over the coming year. The average analyst rating for Amazon.com Inc is Strong Buy, reflecting a positive sentiment towards the stock.
Stock Target Advisor’s own stock analysis of Amazon.com Inc presents a slightly bullish view. Their analysis is based on 6 positive signals and 5 negative signals, suggesting a generally positive outlook on the stock’s performance.
At the last closing, Amazon.com Inc’s stock price was USD 129.33, indicating that the stock was trading below the average analyst target price and the recent closing price. Investors should consider these factors and conduct further research before making any investment decisions.
In terms of recent performance, Amazon.com Inc’s stock price has experienced fluctuations. Over the past week, the stock price changed by +3.06%, indicating an increase. Moreover, over the past month, it showed a significant increase of +12.46%, and over the last year, it saw a gain of +11.05%.
Technical Analysis
Amazon’s stock commenced an impressive journey from the bottom of its previous trading range at $105 to a strong bullish run that likely sees the stock reaching the next resistance level of $143 per share. The stock’s ability to hold above the $105 support level indicated a potential reversal and attracted buying interest from investors. As Amazon continues its upward trajectory, it is likely to face a key resistance level at $143, which will be a pivotal point for traders and investors.
About Amazon
Amazon is a multinational technology company that is widely known for its e-commerce platform, but it has expanded its operations to various other sectors as well. Founded by Jeff Bezos in 1994, Amazon has grown into one of the largest and most influential companies in the world.
The company’s primary business is its online marketplace, where customers can purchase a wide range of products, including consumer electronics, books, clothing, and household goods. Amazon’s e-commerce platform has become synonymous with convenience, offering fast and reliable shipping options, a vast product selection, and competitive pricing.
In addition to its e-commerce operations, Amazon has diversified into several other areas. One of its notable ventures is Amazon Web Services (AWS), which provides cloud computing services to businesses and organizations worldwide. AWS has become a major revenue driver for the company and a leader in the cloud services industry.
Amazon has also made significant investments in media and entertainment. It operates Amazon Prime Video, a streaming platform that offers a wide selection of movies, TV shows, and original content. The company also owns Whole Foods Market, a chain of upscale grocery stores, and operates physical bookstores in select locations.
Furthermore, Amazon has made notable advancements in the field of technology and innovation. It developed and commercialized smart devices like the Amazon Echo smart speaker, powered by the virtual assistant Alexa. The company has also ventured into artificial intelligence (AI) and machine learning, which are integrated into its products and services.
As a publicly traded company, Amazon’s stock is listed on various stock exchanges, including the NASDAQ. Its stock performance has been remarkable, with substantial growth over the years, making it one of the world’s most valuable companies.
Amazon’s success has been driven by its relentless focus on customer satisfaction, continuous innovation, and its ability to disrupt traditional industries. The company’s commitment to efficiency, logistics, and infrastructure has enabled it to deliver products and services at scale.
However, Amazon has faced scrutiny over issues such as labor practices, competition concerns, and data privacy. It operates in a highly competitive landscape and faces regulatory challenges in various markets.
Understanding Amazon’s operations, competitive positioning, and strategic initiatives is important for investors and consumers alike. Following the company’s financial performance, market trends, and updates on new ventures will provide insights into its future growth and influence on multiple industries.
