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AMZN Stock Forecast: $4,250 Target As New Horizons Unfold With MGM

This AMZN stock forecast article was written by Nicole Shammay – Analyst at I Know First.

The MGM buy is affordable for Amazon given their 44% year-over-year growth in Q1 2021
The acquisition of MGM studios will ensure a firmer grip on consumer streaming for AMZN
Growth opportunity with Amazon Care Scares Competition
I project a target price of $4,250 for the AMZN stock on a year-horizon

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.

I Know First has slightly bearish algorithmic forecasts for AMZN. I am still endorsing this stock as a decent long-term investment.
My last previous buy recommendation for AMZN was in December 27. The stock has since returned more than 8%.
Amazon still offers the best risk/reward opportunity. The FY 2018 earnings report convinced me that Amazon’s hyper-growth story is still intact.
The laser focus on long-term growth is finally delivering a surge in net income. Amazon’s FY 2018 net income of $10.1 billion was more than 230% growth over FY 2017’s $3.0 billion.
Alibaba’s growth is slowing down but Amazon’s momentum seems to be immune from Trump’s trade war with China.

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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.

Terrific Q3 Earnings From Amazon Receive Terrific Thumbs-Up From Investors
Amazon’s posted terrific numbers in its latest earnings report.
The $25.4 billion net sales for Q3 2015 is 23% Year-over-Year higher.
Q3 2015 EPS was also $0.17, a great improvement of Q3 2014’s loss of -$0.95.
AMZN’s price got terrific response from investors. After hours trading pushed AMZN beyond $600.