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AMZN Stock Forecast: An Extensive Look at Amazon Stock Over the Years

June 24, 2024

This AMZN Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Looking into AMZN's stock profile, by still being a global leader in e-commerce and cloud computing, AMZN is showing a 12.54% YoY growth rate, and a reported FY2024Q1 revenue stood at $143.31 billion, with a growth rate of 12.53%.
Outlook for AMZN in the upcoming years, by looking into a consensus price range between $144.05 and $189.77 in 2024, we expected Amazon to have moderate growth.
Boosting Amazon's AWS division operating margin with high profitability, which saw a 26.3% revenue increase to $12.06 billion.

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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.

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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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.

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.