#2 - Amazon (NASDAQ:AMZN)
Amazon (NASDAQ: AMZN) If investors think that Amazon’s stock does not have room to grow, they need to take a closer look. Consumers certainly are. A recent report from CNBC shows the beginning of what could be a trend for advertisers moving their advertising dollars away from Google and towards Amazon. The rationale is that Amazon is where many consumers (some estimates say the number could be as high as 55%) are beginning their search for products, so it’s logical that advertisers would want to be in place to capture those eyeballs. This is setting up to be a lucrative space for Amazon, but it’s only part of the story. With plans to buy Landmark Theaters, AMZN is poised to have a location for its original content. And Amazon continues to make inroads into the consumer packaged-goods arena which is projected to be a $760 billion market by 2020. Amazon has already shown its ability to step into new markets like health and household essentials and quickly become a market share leader. If successful, their move into packaged goods will continue to show how the company finds ways to use its existing businesses to shorten its time to market in other sectors.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More - Current Price
- $179.62
- Consensus Rating
- Buy
- Ratings Breakdown
- 44 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $205.13 (14.2% Upside)
