Amazon Stock Forecast: Buying Makes Amazon The Biggest Player In Middle East E-commerce

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

Amazon Stock Forecast

  • Amazon is reported to have paid $650 million to take 100% control of
  • Based in Dubai, UAE, is the biggest online retailer in the Middle East. It was previously valued at $1 billion after it raised $275 million in venture funding round last February 2016.
  • Souq leads in the e-commerce industries of Saudi Arabia, United Arab Emirates, Oman, Kuwait, Qatar, and Bahrain.
  • Like Lazada, Souq offers free returns and Cash-on-Delivery shopping, which is an attractive payment scheme for wary online shoppers.
  • AMZN has very positive short and long-term algorithmic forecasts from I Know First. Market trend signals suggest that AMZN’s stock price is likely to breach $900, rather than fall below $800.

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