Analysts are largely bullish about Amazon.com (AMZN), pointing to various reasons for their enthusiasm. Factors include stable growth, increased cloud and Artificial Intelligence operations, alongside notable investments like the $10 billion for an Ohio data center expansion. Amazon is widely viewed as a top pick for 2025. Hedge funds consider it a prime growth investment; notably, Tiger Global Management has selected it for long-term stock picks and billionaire David Tepper rates it among his top choices headed into 2025.
Accurate price predictions indicate potential growth, while Redditors and certain analysts endorse Amazon as a good stock to buy right now. Despite minor setbacks, such as slight dips and potential strike threats during the busy holiday season, the long-term outlook remains buoyant. It is worth noting that AWS is slated as a significant contributor to its growth, earning it an analyst upgrade. Nevertheless, some consider caution due to potential future margin declines. Amazon stocks continue to thrive even against other tech giants, with opinions suggesting Amazon is the best FAANG and AI stock, qualifying it as a strong growth stock.
Amazon Stocks AMZN News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 21 Dec 2024 14:16:12 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor 2