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

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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AMZN Stock Forecast: Amazon’s Big Investment Year

Rebecca Jaffe is a Financial Analyst at I Know First. She graduated from the University of Texas in Austin with a BA in Economics.

AMZN Stock Forecast

“Our customers are loyal to us right up until the second somebody offers them a better service.” – Jeff Bezos, Amazon CEO

Summary:

  • Bezos Vision
  • Improving Financials
  • BCG Matrix describing AMZN's current business market environment
  • Amazon Expansion
  • I Know First Algorithm is currently bullish on AMZN

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