Price target
Based on analysts projections #AMZN is expected to experience a positive growth trajectory over the next year.
The current average AMZN price target, as estimated by these analysts, is $165.22.
The predictions for the future AMZN stock price range from a low of $0.00 to a high of $0.00, highlighting the variability of market expectations for AMZN.
It is important to note that market fluctuations and unforeseen events can have an impact on these projections, so investors should always exercise caution and conduct thorough research before making any investment decisions.
AMZN stock forecasts by analyst
Analyst / firm | Date | Rating | Price target | Price when posted |
---|---|---|---|---|
James Lee Mizuho Securities |
September 8, 2023 | Buy | 180.00 | 138.23 |
Laura Martin Needham |
September 7, 2023 | Buy | 195.00 | 137.99 |
Joseph Feldman Telsey Advisory |
August 4, 2023 | Buy | 160.00 | 128.91 |
Doug Anmuth J.P. Morgan |
August 3, 2023 | Buy | 145.00 | 0.00 |
Youssef Squali Truist Financial |
July 21, 2023 | Buy | 144.00 | 0.00 |
Rob Sanderson Loop Capital Markets |
June 22, 2023 | Buy | 180.00 | 129.17 |
Ken Gawrelski Wells Fargo |
June 8, 2023 | Buy | 159.00 | 124.55 |
Doug Anmuth J.P. Morgan |
March 16, 2023 | Sell | 135.00 | 100.31 |
Barton Crockett Rosenblatt Securities |
January 6, 2023 | Sell | 103.00 | 83.12 |
Lloyd Walmsley UBS |
January 5, 2023 | Sell | 125.00 | 85.14 |
Barton Crockett New Street |
November 15, 2022 | Sell | 103.00 | 98.49 |
Joseph Feldman Telsey Advisory |
October 28, 2022 | Sell | 97.78 | 110.96 |
Brian Nowak Morgan Stanley |
October 28, 2022 | Sell | 140.00 | 110.96 |
Michael Pachter Wedbush |
October 28, 2022 | Sell | 140.00 | 103.41 |
Joe Feldman Telsey Advisory |
October 28, 2022 | Sell | 140.00 | 103.41 |
Daniel Kurnos Benchmark Co. |
October 28, 2022 | Sell | 125.00 | 103.41 |
Stephen Ju Credit Suisse |
October 28, 2022 | Buy | 142.00 | 103.41 |
John Blackledge Cowen & Co. |
October 28, 2022 | Buy | 150.00 | 103.41 |
James Cordwell Atlantic Equities |
October 28, 2022 | Sell | 120.00 | 103.41 |
Mark Shmulik Bernstein |
October 28, 2022 | Sell | 125.00 | 103.41 |
Brian White Monness |
October 28, 2022 | Sell | 136.00 | 103.41 |
Michael Pachter Wedbush |
October 28, 2022 | Sell | 140.00 | 103.41 |
Brian Nowak Morgan Stanley |
October 28, 2022 | Sell | 140.00 | 103.41 |
John Blackledge Cowen & Co. |
October 28, 2022 | Buy | 150.00 | 110.96 |
James Lee Mizuho Securities |
October 28, 2022 | Sell | 135.00 | 103.41 |
Colin Sebastian Robert W. Baird |
October 28, 2022 | Sell | 130.00 | 103.41 |
Thomas Champion Piper Sandler |
October 28, 2022 | Sell | 125.00 | 103.41 |
Brent Thill Jefferies |
October 28, 2022 | Sell | 135.00 | 103.41 |
Laura Martin Needham |
October 28, 2022 | Sell | 120.00 | 103.41 |
Nicholas Jones CFA JMP Securities |
October 28, 2022 | Sell | 140.00 | 103.41 |
James Lee Mizuho Securities |
October 28, 2022 | Sell | 135.00 | 110.96 |
Colin Sebastian Robert W. Baird |
October 28, 2022 | Sell | 130.00 | 110.96 |
Thomas Champion Piper Sandler |
October 28, 2022 | Sell | 125.00 | 110.96 |
Eric Sheridan Goldman Sachs |
October 27, 2022 | Buy | 175.00 | 110.96 |
Brad Erickson RBC Capital |
October 27, 2022 | Sell | 135.00 | 110.96 |
Erik Woodring Morgan Stanley |
October 25, 2022 | Buy | 180.00 | 119.82 |
James Lee Mizuho Securities |
October 19, 2022 | Buy | 155.00 | 114.84 |
Truist Financial | September 28, 2022 | Buy | 170.00 | 116.17 |
Tom Forte D.A. Davidson |
August 22, 2022 | Buy | 151.00 | 138.23 |
UBS | July 29, 2022 | Buy | 180.00 | 135.53 |
Cowen & Co. | July 29, 2022 | Buy | 215.00 | 135.53 |
Jefferies | July 29, 2022 | Buy | 165.00 | 135.47 |
Canaccord Genuity | July 29, 2022 | Buy | 200.00 | 135.45 |
Citigroup | July 29, 2022 | Buy | 185.00 | 136.91 |
Deutsche Bank | July 29, 2022 | Buy | 175.00 | 136.64 |
J.P. Morgan | July 29, 2022 | Buy | 185.00 | 122.28 |
Barclays | July 29, 2022 | Buy | 200.00 | 122.28 |
JMP Securities | July 29, 2022 | Buy | 180.00 | 122.28 |
Wolfe Research | July 29, 2022 | Buy | 170.00 | 122.28 |
Raymond James | July 29, 2022 | Buy | 164.00 | 122.28 |
Piper Sandler | July 29, 2022 | Buy | 175.00 | 122.28 |
Telsey Advisory | July 29, 2022 | Buy | 150.00 | 122.28 |
Robert Coolbrith Wells Fargo |
July 29, 2022 | Buy | 200.00 | 122.28 |
Thomas Champion Piper Sandler |
July 29, 2022 | Buy | 175.00 | 122.28 |
Laura Martin Needham |
July 29, 2022 | Buy | 175.00 | 122.28 |
Barton Crockett Rosenblatt Securities |
July 29, 2022 | Sell | 118.00 | 122.28 |
James Lee Mizuho Securities |
July 29, 2022 | Buy | 155.00 | 122.28 |
Scott Devitt Stifel Nicolaus |
July 29, 2022 | Buy | 200.00 | 122.28 |
Scott Devitt Stifel Nicolaus |
July 27, 2022 | Buy | 185.00 | 118.38 |
Phil Winslow Credit Suisse |
July 26, 2022 | Buy | 400.00 | 114.81 |
Stephen Ju Credit Suisse |
July 26, 2022 | Buy | 190.00 | 117.73 |
Credit Suisse | July 26, 2022 | Buy | 170.00 | 121.14 |
Oppenheimer | July 25, 2022 | Buy | 160.00 | 122.42 |
Deutsche Bank | July 21, 2022 | Buy | 155.00 | 122.74 |
Jefferies | July 20, 2022 | Buy | 150.00 | 121.99 |
Brian White Monness |
July 15, 2022 | Buy | 172.00 | 110.63 |
Citigroup | July 14, 2022 | Buy | 180.00 | 108.94 |
Telsey Advisory | July 13, 2022 | Buy | 145.00 | 109.22 |
Kunal Madhukar UBS |
July 11, 2022 | Buy | 167.00 | 115.54 |
Alex Haissl Redburn Partners |
July 4, 2022 | Buy | 270.00 | 109.56 |
Mark Mahaney Evercore ISI |
June 30, 2022 | Buy | 180.00 | 107.37 |
Ivan Feinseth Tigress Financial |
June 29, 2022 | Buy | 232.00 | 108.92 |
J.P. Morgan | June 29, 2022 | Buy | 175.00 | 109.95 |
Wolfe Research | June 29, 2022 | Sell | 140.00 | 107.40 |
Barton Crockett Rosenblatt Securities |
June 14, 2022 | Sell | 107.00 | 102.95 |
Scott Devitt Stifel Nicolaus |
June 13, 2022 | Buy | 190.00 | 109.65 |
Rohit Kulkarni MKM Partners |
June 11, 2022 | Buy | 180.00 | 109.65 |
Goldman Sachs | June 10, 2022 | Buy | 170.00 | 116.15 |
Daniel Salmon Loop Capital Markets |
June 8, 2022 | Buy | 172.50 | 121.18 |
Brian Nowak Morgan Stanley |
June 6, 2022 | Buy | 175.00 | 128.14 |
Rohit Kulkarni MKM Partners |
June 6, 2022 | Buy | 180.00 | 124.79 |
Justin Post Bank of America Securities |
June 6, 2022 | Buy | 188.00 | 124.79 |
JMP Securities | June 1, 2022 | Buy | 3,450.00 | 120.21 |
Morgan Stanley | June 1, 2022 | Buy | 3,500.00 | 120.21 |
Jefferies | May 31, 2022 | Buy | 3,250.00 | 115.15 |
Loop Capital Markets | May 27, 2022 | Buy | 2,825.00 | 113.60 |
Stephen Ju Credit Suisse |
May 21, 2022 | Buy | 3,700.00 | 107.59 |
Lee Horowitz Deutsche Bank |
May 2, 2022 | Buy | 3,500.00 | 124.28 |
Mark Mahaney Evercore ISI |
May 1, 2022 | Buy | 4,100.00 | 124.28 |
Aaron Kessler Raymond James |
April 29, 2022 | Buy | 3,300.00 | 124.28 |
MKM Partners | April 29, 2022 | Buy | 3,625.00 | 126.51 |
Truist Financial | April 29, 2022 | Buy | 3,500.00 | 126.54 |
Canaccord Genuity | April 29, 2022 | Buy | 3,750.00 | 128.39 |
RBC Capital | April 29, 2022 | Buy | 3,500.00 | 144.60 |
UBS | April 29, 2022 | Buy | 4,185.00 | 144.60 |
JMP Securities | April 29, 2022 | Buy | 3,600.00 | 144.60 |
Brian Nowak Morgan Stanley |
April 29, 2022 | Buy | 3,800.00 | 144.60 |
Needham | April 29, 2022 | Buy | 3,500.00 | 144.60 |
Telsey Advisory | April 29, 2022 | Buy | 3,400.00 | 144.60 |
Colin Sebastian Robert W. Baird |
April 29, 2022 | Buy | 3,750.00 | 144.60 |
Daniel Kurnos Benchmark Co. |
April 29, 2022 | Buy | 3,700.00 | 144.60 |
Brian Nowak Morgan Stanley |
April 29, 2022 | Buy | 3,800.00 | 124.28 |
Daniel Kurnos Benchmark Co. |
April 29, 2022 | Buy | 3,700.00 | 124.28 |
Ross Sandler Barclays |
April 29, 2022 | Buy | 4,240.00 | 124.28 |
Joe Feldman Telsey Advisory |
April 29, 2022 | Buy | 3,400.00 | 124.28 |
Jason Bazinet Citigroup |
April 29, 2022 | Buy | 4,100.00 | 124.28 |
Michael Pachter Wedbush |
April 29, 2022 | Buy | 3,500.00 | 124.28 |
Brian Fitzgerald Wells Fargo |
April 29, 2022 | Buy | 4,000.00 | 124.28 |
Rohit Kulkarni MKM Partners |
April 29, 2022 | Buy | 3,625.00 | 124.28 |
Daniel Salmon BMO Capital |
April 29, 2022 | Buy | 3,450.00 | 124.28 |
Thomas Champion Piper Sandler |
April 29, 2022 | Buy | 3,400.00 | 124.28 |
Shyam Patil Susquehanna |
April 29, 2022 | Buy | 3,800.00 | 124.28 |
Brian Nowak Morgan Stanley |
April 29, 2022 | Buy | 3,800.00 | 144.60 |
Brad Erickson RBC Capital |
April 29, 2022 | Buy | 3,500.00 | 144.60 |
Lee Horowitz Deutsche Bank |
April 29, 2022 | Buy | 3,500.00 | 124.28 |
James Lee Mizuho Securities |
April 29, 2022 | Buy | 3,950.00 | 124.28 |
Deepak Mathivanan Wolfe Research |
April 29, 2022 | Buy | 3,700.00 | 124.28 |
Barton Crockett Rosenblatt Securities |
April 29, 2022 | Buy | 2,900.00 | 124.28 |
Laura Martin Needham |
April 29, 2022 | Buy | 3,500.00 | 124.28 |
Brian White Monness |
April 29, 2022 | Buy | 3,700.00 | 124.28 |
Andrew Boone JMP Securities |
April 29, 2022 | Buy | 3,600.00 | 124.28 |
Brent Thill Jefferies |
April 29, 2022 | Buy | 3,700.00 | 124.28 |
Scott Devitt Stifel Nicolaus |
April 29, 2022 | Buy | 3,800.00 | 144.60 |
Scott Devitt Stifel Nicolaus |
April 29, 2022 | Buy | 3,800.00 | 124.28 |
Brad Erickson RBC Capital |
April 29, 2022 | Buy | 3,500.00 | 124.28 |
John Blackledge Cowen & Co. |
April 29, 2022 | Buy | 4,250.00 | 124.28 |
Lloyd Walmsley UBS |
April 25, 2022 | Buy | 4,550.00 | 144.35 |
Cowen & Co. | April 20, 2022 | Buy | 4,400.00 | 154.08 |
Citigroup | April 20, 2022 | Buy | 4,100.00 | 155.00 |
Evercore ISI | April 20, 2022 | Buy | 3,162.31 | 154.56 |
Rosenblatt Securities | April 19, 2022 | Buy | 3,000.00 | 157.14 |
Deepak Mathivanan Wolfe Research |
March 12, 2022 | Buy | 4,200.00 | 145.52 |
Ivan Feinseth Tigress Financial |
February 19, 2022 | Buy | 4,655.00 | 152.60 |
Justin Post Bank of America Securities |
February 12, 2022 | Buy | 4,450.00 | 153.29 |
Jason Bazinet Citigroup |
February 9, 2022 | Buy | 4,115.00 | 161.19 |
Joe Feldman Telsey Advisory |
February 4, 2022 | Buy | 3,850.00 | 157.64 |
Michael Graham Canaccord Genuity |
February 4, 2022 | Buy | 4,299.00 | 157.64 |
Ronald Josey JMP Securities |
February 4, 2022 | Buy | 4,000.00 | 157.64 |
Lloyd Walmsley UBS |
February 4, 2022 | Buy | 4,625.00 | 157.64 |
Aaron Kessler Raymond James |
February 4, 2022 | Buy | 3,950.00 | 157.64 |
Edward Yruma KeyBanc |
February 4, 2022 | Buy | 4,000.00 | 157.64 |
Thomas Champion Piper Sandler |
February 4, 2022 | Buy | 3,900.00 | 157.64 |
Eric Sheridan Goldman Sachs |
February 4, 2022 | Buy | 4,200.00 | 157.64 |
Rohit Kulkarni MKM Partners |
February 4, 2022 | Buy | 4,100.00 | 157.64 |
Stephen Ju Credit Suisse |
February 4, 2022 | Buy | 4,100.00 | 157.64 |
Shyam Patil Susquehanna |
February 4, 2022 | Buy | 5,000.00 | 157.64 |
Ross Sandler Barclays |
February 4, 2022 | Buy | 4,400.00 | 157.64 |
Michael Pachter Wedbush |
February 4, 2022 | Buy | 3,950.00 | 157.64 |
Laura Martin Needham |
February 4, 2022 | Buy | 4,150.00 | 157.64 |
Doug Anmuth J.P. Morgan |
February 4, 2022 | Buy | 4,500.00 | 157.64 |
Daniel Salmon BMO Capital |
February 4, 2022 | Buy | 3,600.00 | 157.64 |
Seth Sigman Guggenheim |
February 4, 2022 | Buy | 4,300.00 | 157.64 |
James Lee Mizuho Securities |
February 4, 2022 | Buy | 3,950.00 | 157.64 |
Brian White Monness |
February 4, 2022 | Buy | 4,500.00 | 157.64 |
Brent Thill Jefferies |
February 4, 2022 | Buy | 4,000.00 | 157.64 |
Scott Devitt Stifel Nicolaus |
February 3, 2022 | Buy | 4,400.00 | 138.85 |
Colin Sebastian Robert W. Baird |
February 3, 2022 | Buy | 4,000.00 | 138.85 |
Eric Sheridan Goldman Sachs |
January 29, 2022 | Buy | 4,100.00 | 143.98 |
Brian Nowak Morgan Stanley |
January 16, 2022 | Buy | 4,200.00 | 162.14 |
John Blackledge Cowen & Co. |
December 13, 2021 | Buy | 4,500.00 | 169.57 |
Daniel Kurnos Benchmark Co. |
October 29, 2021 | Buy | 4,000.00 | 168.62 |
Youssef Squali Truist Financial |
October 29, 2021 | Buy | 4,000.00 | 168.62 |
Jason Helfstein Oppenheimer |
October 29, 2021 | Buy | 4,200.00 | 168.62 |
Anthony Chukumba Loop Capital Markets |
August 4, 2021 | Buy | 3,775.00 | 167.74 |
Mark Shmulik Bernstein |
July 21, 2021 | Buy | 4,200.00 | 179.26 |
Jim Kelleher Argus Research |
July 9, 2021 | Buy | 4,000.00 | 185.97 |
Ella Ji China Renaissance Securities (US) Inc. |
May 3, 2021 | Buy | 4,500.00 | 169.32 |
AMZN Stock Forecast: Analyzing the Data Up to the Present
Investing in Amazon could be a good opportunity for investors seeking a long-term investment. Amazon has had solid financial results in recent years, except for 2022 when the company reported losses. However, the company has made decisions to reduce costs.
In the latest financial report for the first quarter of 2023, the company reported revenues of $127 billion. This represents a 5% increase compared to the same period the previous year, where they reported revenues of $121 billion. Furthermore, the revenues of recent years represent an average annual growth of 22.9% since 2019. It is a significant figure for the magnitude of this company. Amazon continues to grow in sales and adapt to the increasing demand in a highly competitive market.
As for net profit, the company reported a gain of $3.1 billion for the first quarter of 2023. This represents a 256% increase compared to the same period the previous year. Back then the e-commerce giant reported a loss of $2 billion. However, if we compare its net profit since 2019, we see an annual average growth of 10%. This is positive for such an S&P-listed company that continues to innovate to compete in the market.
Analyzing Amazon’s financial ratios shows that it is a company that generates money. It has a 6% return on investment (ROI), which may be somewhat low for leading industry companies. However, it is important to note that the company invests heavily in research and development. It wants to expand its product portfolio and become increasingly competitive.
Amazon is also making significant investments in artificial intelligence. This will help it become more prominent in the sector. Another indicator is the 3% return on equity (ROE), which can also be considered low, and the 1% asset turnover. The important thing is that the company is generating money and is profitable. Amazon faced losses in its 2022 annual report. The company has started reducing costs and becoming more efficient, doing more with less. This speaks of the company’s adaptability.
Furthermore, the debt ratios are below 1, indicating that the company can meet its obligations without issues. Therefore, it would not represent a long-term operational risk for the company. Additionally, the stock has a beta of 1.26, which makes it a medium-high volatility stock, ideal for adding more movement to our portfolios. Considering its size as a large company, Amazon is a great option to have in our investment portfolio.
Strong Buy

Financial Scores
Updated on: 15/09/2023
Altman Z-Score: 4.4
Piotroski Score: 5.0
ESG Score
Updated on: 15/09/2023
Environmental: 49.6
Social: 59.2
Governance: 53.0
Financial Health
Updated on: 15/09/2023
DCF: Strong Buy
ROE: Neutral
ROA: Neutral
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
AMZN Discounted Cash Flow
Updated on: 15/09/2023
$212.340
Discounted Cash Flow Value
$141.320
Current Price
AMZN Revenues by Segment
Updated on: 15/09/2023
Revenue from Contract with Customer, Excluding Assessed Tax
AMZN Revenues by Region
Updated on: 15/09/2023
AMZN Notes Due
Updated on: 15/09/2023
CIK | Exchange | Title |
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Amazon Stock September 2023
Amazon stock surged to an unprecedented peak. It is propelled by favorable analyst ratings and institutional investments.
As of September 1, 2023, Amazon stock performance has been volatile. On Friday, AMZN opened at $138.01 per share, ranging from a low of $81.43 to a high of $143.63 over the past year.
Financially, Amazon.com has a debt-to-equity ratio of 0.37 and a current ratio of 0.95, indicating its ability to meet short-term obligations. Its quick ratio is 0.70, measuring its most liquid assets against short-term liabilities.
With a market capitalization of $1.42 trillion, Amazon.com wields significant influence in the global e-commerce and technology sectors.
For investors evaluating stocks, metrics like the price-to-earnings (P/E) ratio and price-to-earnings-growth (PEG) ratio provide insights. Amazon.com’s current PE ratio is 108.67, meaning investors pay around $108 for each dollar of earnings per share. The PEG ratio, reflecting earnings growth potential, is 1.76 for Amazon.com.
Amazon.com’s beta coefficient of 1.26 indicates historical volatility higher than the overall market.
Meticulous analysis exposes Amazon’s stock’s enduring trend of strong performance. Regarding recent price trends, as of September 1st, Amazon.com’s stock shows stability with a 50-day simple moving average (SMA) of $132.73 and a 200-day SMA of $115.78.
Investors and market participants interested in AMZN should consult comprehensive research and analysis tools to make informed investment decisions aligned with their goals and risk tolerance. Investors should always seek an Amazon stock forecast to make informed decisions about their investments, considering its historical performance and market factors.
AMZN Stock Forecast: Target Price, Valuation, and Price Chart Insights
When it comes to Amazon stock price prediction, analysts have given insights into the future performance of the company.
Analysts have set an average 12-month price target for Amazon at $141.09, with a high forecast of $220.00. Meanwhile, the median target for Amazon is $170.00, with a high estimate of $220.00.
Looking further ahead, the latest Amazon stock prediction shows that Amazon’s price will hit $150 by the middle of 2024. Then, it will climb to $200 by the middle of 2025. The projections continue with a rise to $300 within the year 2026, followed by $350 in 2028, $400 in 2031, and finally $450 in 2033.
Also, analysts predict an average 12-month Amazon stock price forecast at $146.82. This indicates a 14.38% increase. The average price target for Amazon is $144.86, with a range spanning from $111.00 to $270.00.
This indicates the level they believe the stock price could reach shortly. It considers factors such as market trends, financial performance, and industry dynamics.
Market expectations for AMZN stock price vary significantly. The future AMZN stock price predictions range from a low estimate of $97.78 to a high estimate of $270.00. The wide range shows diverse views among analysts about the company’s future.
We observe the company’s valuation based on discounted cash flow. This tells us that the company has a value of $201.24, while the current price is around $130, giving us a safety margin of 54%. This is very positive to consider as we would buy a stock cheaper than its actual value according to its cash flow. According to the theory of value investing, when this happens, the stock price always seeks to approach its real value. Therefore, it would be another indicator to include Amazon stock in our long-term investment portfolio.
We need to analyze the price chart to identify more effective buying zones. This way, we can complement our fundamental analysis indicating that Amazon is a good stock for our portfolio.
The first thing we observe is the breakout of the downtrend line since late 2022. Additionally, there is proximity to the 200-period moving average, which is currently above the price. The moving average often acts as a resistance when approached.
Therefore, we need to monitor the price development. If it surpasses the moving average, we would encounter resistance around $144.86. It would be an ideal entry point if it breaks this resistance with confirmation. The next resistance level would be around $188.19.
However, there’s a possibility. If the price can’t break $144, we might see a retracement. This could lead to a movement back to the 200-period moving average. Another potential target is the support level at approximately $101.64. From a technical perspective, waiting for the price to be in a more optimal entry zone is important.
The earnings history for Amazon shows a mixed picture. While the company has missed estimates in two out of the past four quarters, it has also beaten estimates in two. But, it’s important to mention that the company had a notable miss in the latest quarter (May 2023). The actual EPS was $0.03, which is lower than the estimated $0.17.
Talking about earnings, the estimates for the current and next quarter have stayed quite steady in the last 90 days. This suggests analysts have confidence in these predictions. However, estimates for the current year dipped a bit in the last 30 days, and for the next year, they saw a slight decrease in the last 60 days.
Amazon Stock Forecast: Despite Challenges, Investors See Opportunity
Amazon’s stock recently faced challenges, with a significant drop of over 200 points. Despite this, the year-to-date performance remains strong, with an impressive 50% increase.
Various factors contributed to the decline. Some are a downturn in the global economy, decreased consumer spending, and inflation. Amazon’s fourth-quarter profits fell short of expectations. This was raising doubts about the company’s growth potential and causing the stock price to plummet. Amazon initiated a major restructuring plan to address these challenges. Significant workforce reductions were part of the plan. Many investors view these difficulties as temporary setbacks. The drop in stock price can be seen as an opportunity for investment.
In a commitment to reduce its carbon footprint, Amazon introduced over 5,000 custom electric delivery vans in the United States on July 6, 2023.
These electric vans are provided by Rivian. Customers have successfully received over 150 million packages in over 800 cities and regions across the United States. It is all thanks to Amazon’s custom electric vans.
Amazon’s custom electric vans have also made their way to Europe. There are plans to introduce over 300 new vans in Germany. The new vans will join the existing fleet of electric vans already in operation.
Amazon’s electric vans are manufactured at Rivian’s factory in Illinois. These electric vehicles prioritize safety and efficiency. The design is focused on 360-degree visibility and the protection of drivers and pedestrians. Also, the vehicles come with advanced safety features. These include sensor detection and a spacious windshield for better driver visibility. Moreover, they offer automatic emergency braking, adaptive cruise control, and collision warnings.
The groundbreaking embedded technology is what sets these custom electric vehicles apart. The unique integration combines the delivery workflow with the vehicle itself. This provides easy access to routing, navigation, driver support, and other features.
Amazon is also exploring and experimenting with various models of electric vehicles. They’ve introduced over 15 different electric vehicle models. These encompass delivery vehicles, e-cargo bikes, and e-rickshaws. Their presence spans the United States, the European Union, and India.
This is part of Amazon’s larger plan to expand its fleet to over 100 cities by the year’s end and reach 100,000 electric vehicles by 2030.
Shall you buy Amazon Stock?
A summary of key points derived from search results sheds light on both sides of the argument:
Reasons to buy Amazon stock:
- Increased profitability. Analysts foresee Amazon becoming an attractive option for investors. They might consider buying at a higher price, expecting large future gains from holding onto the stock.
- Valuation. Amazon shares are below their peak. This indicates a reasonable valuation that may attract value-oriented investors.
- Long-term prospects. Amazon’s long-term outlook remains bright. Its shares reside in value stocks. This makes them attractive for individuals whose investment goals and risk tolerance match.
- Good investment. Amazon is seen as solid, especially when obtained at a reasonable price. This indicates the possibility of making wise investment choices.
Reasons not to buy Amazon stock:
- Potential pullback. Investors could seize an opportunity to buy shares at a lower price if a pullback occurs.
- Weak rating. Amazon stock holds a weak IBD Composite Rating of 36 out of 99, indicating caution for prospective investors.
- Short-term bearish prediction. On March 24, Gov Capital’s analysis indicated a bearish short-term view for Amazon stock. This conclusion was drawn from considering several technical indicators.
In summary, investing in Amazon stock depends on an investor’s unique strategy, risk tolerance, and horizon. While there are strong arguments for buying Amazon stock, there are also reasons to be cautious.
Amazon expands its presence in the medical field
We may anticipate additional Amazon entrance into the healthcare industry in 2023, as it has done over the last several years.
In 2018, Amazon made headlines by purchasing PillPack for a reported $1 billion. The online pharmacy service does more than fill prescriptions. They also place the medications into individual packets that are time and date stamped and clearly labeled with the appropriate dose information. The first medical service offered by Amazon was renamed Amazon Pharmacy.
When Amazon announced last year that it would buy One Medical for $3.9 billion, it caused quite a stir. Around 800,000 individuals in 16 cities have access to the primary care startup’s online and in-person services hybrid. Patients can use instant messaging to communicate with their doctors. They can also schedule appointments, renew prescriptions, and have video visits through the app.
Amazon recently dissolved its partnership with Berkshire Hathaway and JPMorgan Bank, known as Haven. This was an example of a failed strategy implementation. Also, Amazon has ended its primary care program, Amazon Care. It offered telemedicine and in-office treatment.
It’s no secret that Amazon wants a piece of the healthcare pie. If the company’s previous actions are any indicator, we can expect to see it make additional inroads in the industry in 2023. Yet, we don’t know how that will happen.
Amazon’s AI Investments: Driving Growth and Tech Advancements
Amazon has been leveraging artificial intelligence (AI) in diverse ways. This has driven its growth and technological progress. Here are the key areas where AI is making a significant impact for the company:
- AWS Growth: Amazon Web Services (AWS), the company’s cloud computing division, is investing substantially in AI. The growth of AI cloud computing is expected to fuel AWS’s expansion, leveraging Amazon’s prominent position in the market.
- Demand Forecasting: AI is transforming how Amazon forecasts demand. It uses AI algorithms to optimize stock levels across locations and times. This leads to lower inventory costs, fewer stock-outs, and improved customer experiences.
- Recommendation Engine: AI plays a crucial role in Amazon’s recommendation system, a key revenue driver. It analyzes customer behavior to suggest products with high purchase likelihood. This way, it boosts sales and satisfaction.
- Large Language Models (LLMs): Amazon acknowledges LLMs and generative AI’s potential. It’s shifting focus to these technologies as overall revenue growth slows. The aim is to draw AI companies to develop products on its AWS cloud service. It will leverage LLMs’ capacity to understand and create human-like language.
- Programming Languages: Amazon provides tools featuring programming languages and code suggestions. This AI-driven feature boosts developer productivity. This happens by offering intelligent coding recommendations, and streamlining the development process.
To sum up, Amazon’s significant AI investment is positioning it as a more tech-oriented enterprise. AWS leads in profit generation. The company leverages AI for cloud computing growth, demand forecasting, recommendation engines, and large language models. This strategy drives success and keeps Amazon at the technological forefront.
Predictions for Amazon in the Year 2023
With the knowledge that the current climate of rising inflation and economic troubles throughout the world is just transitory. It is safe to say that Amazon has maturely handled the setbacks and should see improved growth in 2023 and 2024.
The corporation is, for instance, making strides toward a more robust cost structure, which is a major benefit for the future. The premiere of NFL Thursday Night Football and other such programs also drive more and more people to sign up for Amazon Prime.
One of Amazon.com’s greatest strengths is its varied product offerings. E-commerce is its moat, AWS is its growth engine, and ad income is just now coming into focus. To this end, faith in Amazon’s business model is crucial. Furthermore, the current decline allows investors to include it in their 2023 portfolios.
Considering the positive outlook for Amazon’s future growth and its diverse business model, the AMZN stock forecast holds significant potential for investors.
Final Thoughts on Amazon Stock Forecast
In conclusion, this review provides an honest assessment of Amazon stock forecast. As a company, Amazon demonstrates strength, consistently seeking innovation and exploration.
Despite facing fierce competition, Amazon remains undeterred in its pursuit of excellence. With a diverse range of products and services, it is evident that Amazon will continue to be a leading company for the foreseeable future.
Investors can trust Amazon’s resilience. The company is committed to delivering value to customers and shareholders. Our analysis of Amazon stock price reinforces its potential as an investment opportunity.