Is Amazon stock good for long-term? (2024)

Is Amazon stock good for long-term?

This e-commerce giant has good reasons to keep performing in the years to come. Amazon (AMZN -1.65%) has been a significant winner over the last two decades, generating enormous wealth for its investors.

What will 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.

Does Amazon stock have a future?

AMZN Stock 12 Month Forecast

Based on 42 Wall Street analysts offering 12 month price targets for Amazon in the last 3 months. The average price target is $212.41 with a high forecast of $230.00 and a low forecast of $198.00. The average price target represents a 19.85% change from the last price of $177.23.

Should I hold my Amazon stock?

Of the 63 Amazon stock analysts following the company, 95% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 211 for Amazon stock, according to FactSet. That implies roughly 15% upside from Amazon's opening price April 17.

What if you invested $10,000 in Amazon 10 years ago?

As a result, an investment of $10,000 a decade ago would be worth over $107,000 today. The company made many millionaires over the last decade, begging the question: Does it still have much to offer new investors? Let's examine Amazon's business more closely and determine whether it's still worth investing in in 2024.

Has Amazon stock ever been $2,000?

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

Is Amazon a buy or hold stock?

Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.

How high can Amazon stock go?

Latest Amazon Stock Forecasts for 2024, 2025 & 2030

The average one-year Amazon stock forecast 2024/2025, according to MarketBeat, is for the price to reach $202.80, with the highest projection being $235 and the lowest estimate standing at $140.

How high will Amazon stock be in 5 years?

Amazon stock price stood at $176.59

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.

What are the cons of buying Amazon stock?

But, with such great size, comes a set of unique risks. The biggest risks of investing in Amazon.com, Inc. (NASDAQ: AMZN) stock are increasing competition, profit potential uncertainty, revenue growth uncertainty, speculative valuation and share price volatility.

Is investing in Amazon a good idea?

This e-commerce giant has good reasons to keep performing in the years to come. Amazon (AMZN 1.37%) has been a significant winner over the last two decades, generating enormous wealth for its investors.

What are the perks of owning Amazon stock?

Which stock is good for next 10 years?

Companies like L&T, HUL, and Godrej Consumer Products present solid fundamentals. Besides, conglomerates like RIL and ITC showcase diversification across multiple sectors, providing strength against market fluctuations.

Which stock will boom in 2024?

Which share will double in 3 years?

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.

How much would I have if I invested $1000 in Amazon in 1997?

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. That's better than the so-called FAANG stocks, plus Ebay – which debuted in that same period.

What would $1 000 invested in Netflix stock 10 years ago be worth now?

So, if you had invested in Netflix ten years ago, you're likely feeling pretty good about your investment today. A $1000 investment made in March 2014 would be worth $9,728.72, or a gain of 872.87%, as of March 4, 2024, according to our calculations. This return excludes dividends but includes price appreciation.

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

That means a $10,000 investment at its IPO would be worth a cool $13 million today. Even a more modest investment of $1,000 would have yielded a profit of about $1.3 million. Image source: Getty Images.

What if you invested $1,000 in Amazon in 2008?

29, 2008 be worth today? We did the math. According to our calculations, AMZN stock has increased by 3,578.8% since that day. That means that a $1,000 investment would be worth $36,788 today.

How much money would I have if I 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. A $10,000 investment in the S&P over the same period, however, would amount to $33,452.

Who owns the most Amazon stock?

Jeffrey Bezos owns the most shares of Amazon (AMZN).

Who is the largest shareholder of Amazon?

What will Amazon be worth in 2040?

Will Amazon stock go up 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.