Amazon.com Inc.'s (AMZN) shares have recently hit an all-time high following a strong Q1 performance. Numerous analysts maintain a bullish outlook for 2024, expecting the stock to continue outperforming. A combination of excellent earnings data, impressive AWS performance, strategic value investments, and equally robust demands for advertising is driving this momentum. Despite a few insider sell-offs, several institutional and private investors are buying up Amazon stocks, reiterating confidence in the company's future. This includes Resonant Capital Advisors LLC and Davidson Trust Co., among others. Recent reports foresee Amazon's free cash flow reaching an astonishing $100B by 2026, underlining its financial robustness. Further, Wall Street expects the
AMZN stock to hit $225 per share, a prediction backed up by Amazon's successful implementation of AI technologies that are driving significant growth in its cloud business. Amazon also reportedly aims for $1 trillion in revenue, suggesting a very positive long-term outlook. However, as Amazon's stock continues to surge, CEO Jeff Bezos announced plans to sell up to 50 million Amazon shares. Despite some concerns about late entry, the consensus among market analysts seems to favor continued investment in
Amazon Stock mainly due to multiple tailwinds and strong fundamentals.
Amazon Stocks AMZN News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Fri, 10 May 2024 13:05:58 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
