Tag: Amazon

AMZN Stock Forecast: Raising My Amazon Price Target To $3,550

August 4, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Thanks to my high faith in I Know First, my June 29 prediction that Amazon’s stock will bounce to $3,000 quickly became a reality.
Amazon’s stock posted a record-setting 52-week high of $3,344.29 last July 13. Massive profit-taking eventually forced the stock $3,100. I’m therefore endorsing AMZN as a buy.
The inability of Microsoft and Google to dethrone Amazon’s leadership in cloud computing infrastructure is why I’m giving AMZN a new price target of $3,550.
As per its July 30 ER, Amazon had an amazing Q2. The second-quarter $88.91 revenue is +40% Y/Y. AWS revenue for Q2 was $10.81 billion, +29% Y/Y.
My endless optimism for Amazon is again thanks to its bullish one-year trend forecast from I Know First.

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AMZN Stock Forecast: The Company That Seemingly Grows Without End

July 7, 2020

The article was written by Jessica Kremer - Analyst at I Know First.

Summary:

The acquisition of Zoox allows Amazon to break into a relatively untapped market space.
I am endsoring a $3,400 price target for AMZN before the end of the year.
Amazon has a $1.3 trillion dollar market cap and multiple revenue streams from industries that have immense growth potential, resulting in my buy verdict

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Amazon Stock Forecast: Do Not Panic Amazon Stock Can Still Hit $3000

June 29, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

I reiterate the buy rating I gave AMZN last February 27. Back then, I gave it a 1-year price target of $2,500.
I am now raising my price target for AMZN to $3,000. The COVID-19 tailwind is still extraordinarily strong for AMZN.
The $1.2 billion recent purchase of self-driving car company Zoox is a future growth driver for Amazon.
Going forward, Amazon Logistics can have future self-driving delivery cars and trucks that can cover most of North America.
Aside from work-from-home, Amazon Web Services also has a tailwind from the learn-from-home education new normal.

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Amazon Stock Forecast: 2020, A “Prime” Investment year

June 8, 2020

This AMZN stock forecast article is written by Hao Liu, Financial Analyst at I Know First.

Summary:

Various growth verticals together with new market penetrations will allow Amazon emerge from the pandemic stronger.
The company will face challenges but they are estimated to be manageable.
Despite a potential bearish scenario in the short term, we recommend BUY AMZN in the long term.

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Amazon Stock Forecast: COVID-19 Showed How Strong Amazon Is

April 7, 2020

This Amazon stock forecast article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Like other stocks, AMZN was among the biggest dropper during the March Madness COVID-19 pandemic sell-off.
Amazon’s stock is also among those fastest to recover. From dipping below $1,700, this stock is trading above $1,900.
Now is the time to add more AMZN to your long-term portfolio. COVID-19 obviously steered new repeat customers to Amazon’s online marketplace.
Traditional retail stores were forcibly shutdown in many countries due to COVID-19 pandemic. On the other hand, online shopping portals are still allowed to operate.
The work-from-home initiatives of most companies right now is also boosting Amazon’s most profitable division, AWS.

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Amazon Stock Price Prediction: Do Not Panic, Amazon’s Stock Can Still Hit $2,500

February 27, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Do not panic. Amazon's stock will recover from investors' misplaced fear over the effect of the COVID-19 epidemic. This is incorrect, AWS is why AMZN is highly-valued.
AWS is not affected by infectious diseases. Amazon's e-commerce business is also protected against supply-chain disruption.
My fearless forecast is that AMZN can hit $2,100 within the next 90 days. My one year price target for this stock is $2,500.
COVID-19 is a minor setback. Amazon Logistics has its own global fleet of planes, container ships, trucks, vans, and bikes/trikes.
Amazon's 1-day delivery service further increases its leadership in e-commerce.

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Amazon Stock Price Prediction: Why You Should Remain Bullish On AMZN

October 24, 2019

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Seeking Alpha’s Quant Rating System has a Neutral recommendation for Amazon’s stock.
I am still endorsing AMZN as a buy. The holiday shopping season is coming soon. I expect Q4 2019 sales to set records.
Going long on Amazon’s stock while it trades below $1,800 is worth the risk. My bet is that this stock will trade near $1,900 price levels by January/February 2020.
The other reason why I remain bullish is that Amazon is emerging as a potent advertising platform.
My fearless forecast is that Amazon can eventually have a $20 billion/year advertising business within the next three years.