Amazon Stock Forecast: Why I Still Have A $3,700 Price Target For Amazon

August 2, 2021

motek 1The Amazon stock forecast 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

  • Amazon’s Q2 report on July 30 did not beat Wall Street’s revenue estimate. The stock price dropped by -7.57%.
  • Q2 revenue was actually impressive at $113.1 billion (+27% Y/Y). This is lower just $2 billion lower than Wall Street average expectation of $115 billion.
  • Let us focus more on the EPS beat. Wall Street expected only $12.22 but Amazon’s Q2 EPS was $15.22. Amazon is apparently prioritizing net income margin now.
  • The Alpha, Beta, Delta variants are forcing even vaccinated people to again stay at home and do more online shopping, online gaming, and online streaming.
  • Amazon Web Services’ Q2 revenue was $14.81 billion, up +37% Y/Y.

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Amazon Stock Price Prediction: Why Amazon’s Stock Is Increasing So Much?

August 24, 2020
The article was written by Alexandre Himmelstein, Analyst at I Know First.

Summary:

  • The reasons that Amazon's stock and revenue have increased so much in the last few years: Covid-19 pandemic its the main reason.
  • Amazon’s stock behavior during the Covid-19 pandemic is performing very well.
  • The Chinese e-commerce, Alibaba, could be on competitors of Amazon on the future.
  • Amazon still has different online sales markets to expand into U.S.A and around the world .
    • About the success of Amazon Stock Price Prediction from I know Firts and the outlook for the one-year long term.

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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
motek 1The 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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Winning Stock Forecast: Netflix, Amazon, Nvidia

April 26, 2020

Netflix (NFLX)

(source:www.journaldugeek.com)

Over the period of April 5th to April 19th, Netflix (NFLX) stocks prices jumped by 16.92% in 14 days in agreement with the bullish I Know First forecast.

Unsurprisingly, Netflix is one of the favourite occupations of the confined population. Since the beginning of the confinement, the SVOD platform has gained 15.8 million subscribers (+9.4%).

Netflix breaks an all-time record and sees its share price increase by

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Winning Stock Forecast

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

February 27, 2020
motek 1The 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
motek 1The 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.

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