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Amazon Stock Forecast And Price Prediction (Updated October 2023)

Investing in Amazon offers a promising long-term opportunity. The company has exhibited solid financial performance, with consistent revenue growth averaging 22.9% annually since 2019. In Q1 2023, Amazon reported $127 billion in revenues, a 5% increase from the previous year.

Elaine Mendonça by Elaine Mendonça
November 3, 2023
in Tech stocks
Reading Time: 9 mins read
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Price target


Current $146.32

Concensus $168.08


Low $103.00

Median $170.00

High $270.00

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 $168.08.

The predictions for the future AMZN stock price range from a low of $103.00 to a high of $270.00, 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
Alex Henderson
Needham
November 28, 2023 Buy 245.00 147.73
Eric Sheridan
Goldman Sachs
October 27, 2023 Buy 190.00 129.71
Laura Martin
Needham
October 27, 2023 Buy 160.00 129.71
Jason Helfstein
Oppenheimer
October 27, 2023 Buy 170.00 129.75
Aaron Kessler
Seaport Global
October 24, 2023 Sell 145.00 128.17
Nicholas Jones
JMP Securities
October 16, 2023 Buy 175.00 132.91
Tom Forte
D.A. Davidson
September 26, 2023 Buy 150.00 127.22
Michael Pachter
Wedbush
September 15, 2023 Buy 180.00 140.89
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 Sell 145.00 0.00
Youssef Squali
Truist Financial
July 21, 2023 Sell 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
John Blackledge
Cowen & Co.
October 28, 2022 Buy 150.00 110.96
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 Sell 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
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
Brian Nowak
Morgan Stanley
October 28, 2022 Sell 140.00 110.96
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
Brad Erickson
RBC Capital
October 27, 2022 Sell 135.00 110.96
Eric Sheridan
Goldman Sachs
October 27, 2022 Buy 175.00 110.96
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
James Lee
Mizuho Securities
July 29, 2022 Buy 155.00 122.28
Thomas Champion
Piper Sandler
July 29, 2022 Buy 175.00 122.28
Laura Martin
Needham
July 29, 2022 Buy 175.00 122.28
Robert Coolbrith
Wells Fargo
July 29, 2022 Buy 200.00 122.28
Barton Crockett
Rosenblatt Securities
July 29, 2022 Sell 118.00 122.28
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 Sell 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
Justin Post
Bank of America Securities
June 6, 2022 Buy 188.00 124.79
Rohit Kulkarni
MKM Partners
June 6, 2022 Buy 180.00 124.79
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
Brad Erickson
RBC Capital
April 29, 2022 Buy 3,500.00 144.60
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
Michael Pachter
Wedbush
April 29, 2022 Buy 3,500.00 124.28
Jason Bazinet
Citigroup
April 29, 2022 Buy 4,100.00 124.28
Joe Feldman
Telsey Advisory
April 29, 2022 Buy 3,400.00 124.28
Ross Sandler
Barclays
April 29, 2022 Buy 4,240.00 124.28
Daniel Kurnos
Benchmark Co.
April 29, 2022 Buy 3,700.00 124.28
Brian Nowak
Morgan Stanley
April 29, 2022 Buy 3,800.00 124.28
Daniel Kurnos
Benchmark Co.
April 29, 2022 Buy 3,700.00 144.60
Brian Nowak
Morgan Stanley
April 29, 2022 Buy 3,800.00 144.60
Shyam Patil
Susquehanna
April 29, 2022 Buy 3,800.00 124.28
Colin Sebastian
Robert W. Baird
April 29, 2022 Buy 3,750.00 144.60
Brian Fitzgerald
Wells Fargo
April 29, 2022 Buy 4,000.00 124.28
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
Brent Thill
Jefferies
February 4, 2022 Buy 4,000.00 157.64
Lloyd Walmsley
UBS
February 4, 2022 Buy 4,625.00 157.64
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
Ross Sandler
Barclays
February 4, 2022 Buy 4,400.00 157.64
Joe Feldman
Telsey Advisory
February 4, 2022 Buy 3,850.00 157.64
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
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
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
Jason Helfstein
Oppenheimer
October 29, 2021 Buy 4,200.00 168.62
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
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

Amazon Stock forecastInvesting 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: 30/11/2023

Altman Z-Score: 4.5

Piotroski Score: 6.0

ESG Score

Updated on: 30/11/2023

Environmental: 49.6

Social: 59.2

Governance: 53.0

Financial Health

Updated on: 30/11/2023

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: 30/11/2023

$217.340
Discounted Cash Flow Value


$146.320
Current Price

AMZN Revenues by Segment

Updated on: 30/11/2023

Advertising
$377,390,000.00
Amazon Web Services
$800,960,000.00
Online Stores
$2,200,040,000.00
Other Services
$42,470,000.00
Physical Stores
$189,630,000.00
Subscription Services
$352,180,000.00
Third-Party Seller Services
$1,177,160,000.00

Revenue from Contract with Customer, Excluding Assessed Tax

AMZN Revenues by Region

Updated on: 30/11/2023

GERMANY
$335,980,000.00
JAPAN
$243,960,000.00
Non-US
$698,020,000.00
UNITED STATES
$3,561,130,000.00

AMZN Notes Due

Updated on: 30/11/2023

CIKExchangeTitle

There are no data to display

Amazon Stock October 2023

AMZN stock forecastOn October 19, 2023, Jason Helfstein, an analyst at Oppenheimer, raised the price target for Amazon.com (NASDAQ: AMZN) to $170 per share. This had a positive impact on the Amazon stock forecast. The new target is higher at $130, showing optimism for Amazon’s future performance.

Oppenheimer’s target is higher than the average one-year price target. This suggests a positive outlook. Notably, diverse opinions exist in the market, with price targets ranging from $90.90 to $164.32 for Amazon.com.

Amazon’s stock had positive earnings and revenue growth on October 19, 2023. However, the price-to-earnings (P/E) and price/book ratios indicate it may be overvalued. Investors are eagerly waiting for the company’s earnings report on October 27, 2023.

Investors feel good about AMZN stock because it has a strong market position, makes money in different ways, and keeps coming up with new ideas. In addition, its ability to adjust to the growing online shopping trend and enter different areas helps it stay ahead in the technology industry. When considering stock performance, you should carefully consider potential risks and market conditions. On October 19, 2023, Amazon.com Inc’s outlook seemed promising due to its strong finances and market position.

AMZN Stock Forecast: What is the prediction for Amazon stock?

Amazon stock forecast

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.

Amazon.com, Inc.

AMZN

Strong Buy

Updated on: 30/11/2023

Financial Health

Very Healthy


Debt to equity ratio: Strong Buy

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Neutral

Show more

Price Target

Current $146.32

Concensus $168.08


Low $103.00

Median $170.00

High $270.00

Show more

Social Sentiments

12:00 PM (UTC)

Date:30 November, 2023

0
Twitter Sentiment

0
Stocktwits Sentiment

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Analyst Ratings

Analyst / firm Rating
Alex Henderson
Needham
Buy
Eric Sheridan
Goldman Sachs
Buy
Laura Martin
Needham
Buy
Jason Helfstein
Oppenheimer
Buy
Aaron Kessler
Seaport Global
Sell
Show more

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 vanAmazon’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.

Amazon Stock Forecast 2024

As we approach January 2024, the Amazon stock is expected to kick off the year with a promising forecast. The starting value is expected to be 107, but it may change between 119 and 105 due to market volatility. The average stock price for the month is forecasted at 111, indicating a relatively stable trajectory. As the month draws to a close, the projected value is 112, depicting a positive change of 4.67% for January.

Looking ahead to February 2024, things are looking positive. The month starts at 112 and fluctuates between 120 and 106. The average stock price for the month is expected to be 113, with a slight 0.89% change anticipated at the end of February.

March 2024 presents a promising picture for Amazon stock, starting the month at 113 and possibly reaching a high of 126 and a low of 112. The average stock price for March is projected to be 118, with an expected change of 5.31% by the end of the month.

In April 2024, Amazon’s stock is predicted to keep going up, starting at 119 and possibly going between 133 and 118. The average stock price for April is forecasted at 124, with a 5.04% change predicted by the end of the month.

In May 2024, the Amazon stock is expected to stay stable, starting at 125 and staying between 133 and 118. The average stock price for May is expected to remain steady at 125, with no significant change anticipated by the end of the month.

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.

 

Tags: AmazonAmazon PriceAmazon Price Targetamazon stock forecastAMZN Stock ForecastNASDAQ:AMZN
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

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