Stock Forecast Based On a Predictive Algorithm | I Know First |amazon stock prediction Archives - Stock Forecast Based On a Predictive Algorithm

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

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.

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.

Subscribe to receive exclusive PREMIUM content Here

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.

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.