How high will Amazon stock go in 2024? (2024)

How high will Amazon stock go in 2024?

Amazon has a mean target price of $202.49, which is 12% higher than yesterday's closing prices. Its Street-high target price of $230 implies an upside of 27.2% over the next 12 months. Analysts are overwhelmingly bullish on Amazon, and multiple brokerages listed it as a top pick for 2024.

What is Amazon price target in 2024?

How high can Amazon stock go?

Average Price Target

Based on 42 Wall Street analysts offering 12 month price targets for Amazon in the last 3 months. The average price target is $212.36 with a high forecast of $230.00 and a low forecast of $198.00. The average price target represents a 18.35% change from the last price of $179.43.

How much will Amazon stock be worth in 2025?

Is Amazon stock good for long term?

Amazon's annual revenue and operating income have more than doubled over the last five years. The company will likely profit from the tailwinds of e-commerce and the cloud market for years. Earnings per share estimates indicate a 66% upside for Amazon's shares over the next two years.

Is Amazon a good buy for 2024?

After posting a loss in 2022, Amazon's earnings bounced back in a big way last year. Now, Wall Street analysts are expecting further earnings growth for 2024. Consensus projections see Amazon's posting adjusted earnings of $4.17 per share for the December 2024 fiscal year, according to FactSet.

Is Amazon a good stock to invest in 2024?

Amazon stock (NASDAQ:AMZN) stock remains one of the top tech stocks to buy in 2024. The company remains a leader in the technology and retail landscape, and has a number of tailwinds to drive growth in the 2024 fiscal year.

Has Amazon stock ever been $2,000?

Amazon stock hit $2,000 per share for the first time Thursday.

How high will Amazon stock be in 5 years?

Amazon stock price stood at $177.23

According to the latest long-term forecast, Amazon price will hit $200 by the end of 2024 and then $250 by the middle of 2025. Amazon will rise to $300 within the year of 2026, $350 in 2027, $400 in 2028, $500 in 2029 and $600 in 2032.

Is Amazon stock worth having?

Citi analysts boosted their share price target for Amazon to $235 a share from $215, reiterating a stock buy rating. The investment bank said that based on its analysis of Amazon's Advertising, Retail, and AWS business units, it projects 2025's estimated operating income at $73 billion.

What will 1 share of Amazon stock be worth in 10 years?

Analysts at Coin Price Forecast do offer a 2034 projection for Amazon stock, estimating a 10-year price increase of 276%, to $672 per share.

How much will AMZN be worth in 2030?

If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year.

Can Amazon reach $1000 a share?

It took seven and a half years for Amazon to reach $1,000 from $100 and it's very possible that it could hit $10,000 between 2023 and 2025. Amazon's potential to grow could continue over time.

How much is $10,000 invested in Amazon 20 years ago?

Those gains translate to a 23.2% compound annual growth rate for Amazon compared to a 6.2% CAGR for the S&P 500 in that time. As a result, $10,000 in AMZN stock purchased 20 years ago would now be worth $645,262.

What would $1000 invested in Amazon in 1997 be worth today?

If you had invested $1,000 during Amazon's IPO in May 1997, your investment would be worth $1,341,000 as of August 31, according to CNBC calculations.

Is Amazon a buy and hold forever?

Amazon. Amazon and Apple have the cash and customer appeal to stick around forever. One of the best investments you can make is to buy shares of a financially strong company that makes products millions of people use every day. Amazon (AMZN -1.11%) and Apple (AAPL -0.81%) are two such companies that come first to mind.

Should I buy Tesla or Amazon stock?

Currently, 32 Wall Street analysts follow Tesla stock, and they have a consensus “buy” rating on the company. Their average 12-month price target is $207.30, marking a potential gain one year out of about 27%. Amazon is covered by 47 analysts who have a consensus “strong buy” on the stock.

What stocks to invest in in 2024?

What is the prediction for Amazon stock?

Based on short-term price targets offered by 43 analysts, the average price target for Amazon comes to $208.51. The forecasts range from a low of $140.00 to a high of $235.00. The average price target represents an increase of 16.14% from the last closing price of $179.54.

What is the 12 month forecast for Amazon stock?

Amazon Stock Price Forecast

The average stock forecast for Amazon.com Inc (AMZN) in the next 12 months is 214.26 USD. This price target corresponds to an upside of 22.69%. The range of stock forecasts for Amazon is 159.58 - 249.9 USD.

How much will Amazon stock cost in 2028?

Trading at around 50 times forward-looking earnings and a little less than 3 times its trailing-12-month sales, Amazon shares could be in the ballpark of $400 apiece in 2028.

Will Amazon shares grow?

The e-commerce and cloud giant could continue to outperform many of its industry peers. Amazon's (AMZN -1.64%) stock has risen nearly 80% over the past 12 months. The e-commerce and cloud leader grappled with a post-pandemic slowdown and tough macro headwinds in 2022, but its core businesses have been stabilizing.

What would $10000 invested in Amazon in 2000 be worth today?

If you had invested $10,000 in Amazon stock on Jan. 1, 2000 (just before the dot-com crash), your investment would be worth over $470,000 today.

What if I invested $10 000 dollars in Amazon in 1997?

If you had invested $10,000 in Amazon at its IPO price in 1997, you would have purchased 555 shares, not including commission expenses or fractional shares. Taking into account Amazon's four stock splits, these 555 shares would have multiplied into 133,200 shares, as of today.

Which stock is splitting in 2024?