Amazon Stock Forecast (NASDAQ: AMZN): Why You Should Now Go Long On Amazon
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.
AMZN Stock Forecast
Summary:
- In spite of Trump’s attack against Amazon, I am endorsing the company as a good long-term investment.
- Amazon Web Services is the undisputed leader in cloud computing infrastructure services. It has a good chance to win the $10 billion contract from the U.S. Defense Department.
- The 100 million-strong Amazon Prime subscribers’ army also makes Amazon’s leadership in e-commerce invidious and indomitable.
- Amazon doesn’t need Flipkart. It already has a strong presence in India. The new international shopping feature of the Amazon mobile app is also a global tailwind for Amazon.
- AMZN has bullish 90-day and one-year algorithmic market trend forecast from I Know First.