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NASDAQ:AMZN

Amazon.com (AMZN) Stock Forecast, Price & News

$124.25

+3.02 (+2.49%)

(As of 06/8/2023 ET)

Compare

Today's Range: $122.26
▼
$125.63
50-Day Range: $97.83
▼
$126.61
52-Week Range: $81.43
▼
$146.57

Volume: 61.33 million shs
Average Volume: 66.62 million shs
Market Capitalization: $1.27 trillion

P/E Ratio: 295.83
Dividend Yield: N/A
Price Target: $143.52

Amazon.com MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.95 Rating Score
Upside/Downside: 16.8% Upside
$144.93 Price Target
Short Interest: Healthy
0.64% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.25
Upright™ Environmental Score
News Sentiment: 0.45
Based on 81 Articles This Week
Insider Trading: Selling Shares
$8.51 M Sold Last Quarter
Proj. Earnings Growth: 50.96%
From $1.57 to $2.37 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Retail/Wholesale Sector

45th out of 208 stocks

Catalog & Mail - Order Houses Industry

4th out of 15 stocks

3.5

Analyst's Opinion

Consensus Rating
Amazon.com has received a consensus rating of Buy. The company's average rating score is 2.95, and is based on 41 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $144.93, Amazon.com has a forecasted upside of 16.8% from its current price of $124.07.
Amount of Analyst Coverage
Amazon.com has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.64% of the outstanding shares of Amazon.com have been sold short.
Short Interest Ratio / Days to Cover
Amazon.com has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Amazon.com has recently increased by 6.60%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Amazon.com does not currently pay a dividend.
Dividend Growth
Amazon.com does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Amazon.com has received a 26.69% net impact score from Upright. Amazon seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Business to consumer music streaming platforms", "Audiobook streaming services", "E-readers", "Writing of books", "Online retail of books", and "Movie streaming services" products. See details.
Environmental Sustainability
The Environmental Impact score for Amazon.com is -1.25.

1.9

News and Social Media Coverage

News Sentiment
Amazon.com has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 81 news articles for Amazon.com this week, compared to 52 articles on an average week.
Search Interest
Only 497 people have searched for AMZN on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
Only 190 people have added Amazon.com to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amazon.com insiders have sold 7,402,619.13% more of their company's stock than they have bought. Specifically, they have bought $115.00 in company stock and sold $8,513,127.00 in company stock.
Percentage Held by Insiders
12.30% of the stock of Amazon.com is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
57.64% of the stock of Amazon.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Amazon.com are expected to grow by 50.96% in the coming year, from $1.57 to $2.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amazon.com is 295.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 136.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amazon.com is 295.40, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.43.
Price to Earnings Growth Ratio
Amazon.com has a PEG Ratio of 2.46. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Amazon.com has a P/B Ratio of 8.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Amazon.com (NASDAQ:AMZN) Stock

Amazon, or Amazon.com, is the world's largest and leading portal for eCommerce. It was founded by Jeff Bezos, incorporated in 1994, and later went public in 1997. The company is headquartered in Seattle, Washington, and is a member of the influential FAANG group of stocks. When it comes to stocks, Amazon is proof that small companies can do big things; the AMZN stock price was pennies when it was first listed and now it trades well over $100 (split adjusted) per share.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users.

Today, Amazon operates in three segments including North America, International, and Amazon Web Services. The first two segments are the core retail business while Amazon Web Services includes a host of Internet-related services for consumers and businesses alike. A little-known fact is that Amazon Web Services is as important to the function of the Internet as Google because of the infrastructure it provides and it hosts so many business websites.

Services provided by Amazon for merchants include listing, fulfillment, and advertising as well as subscriptions. Services provided by Amazon Web Services include cloud computing, storage, database maintenance, analytics, machine learning, and even artificial intelligence. In regard to the company's operations, Amazon Web Services is the smaller of the three segments but is a fast-growing and well-established part of the business that has had a positive influence on the AMZN stock price.

Among the many ancillary services provided by Amazon is Kindle Direct Publishing. This is a cloud-based service that enables writers and publishers to publish their works directly in the Kindle Store. Kindle, if you are unaware, is an Internet-connected tablet designed for reading books but also streams other forms of entertainment. Amazon also develops and publishes its own media content that is available via Kindle or the Amazon App that can be found on most smart TVs.

Amazon is also a disruptor, moving into new digital markets whenever it thinks it can make a profit. The move into streaming is only one example, another is a push into healthcare. Amazon Prime is another disruptive move and is a subscription service that entitles members exclusive access to Amazon services.

Amazon's stock price can be affected by factors including the pace of revenue growth, profitability, growth in the AWS segment, and any stock splits that may occur. The Amazon share price was impacted by splits 4 times between the IPO in 1997 and June 2022 and additional splits should be anticipated. The forecast for Amazon stock, splits aside, is for steadily increasing price action punctuated by pullbacks, corrections, and consolidations. While there is competition for Amazon, this company is entrenched and will stand the test of time because eCommerce is the way businesses thrive in today's markets.

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Amazon workers upset over job cuts, return-to-office mandate stage walkout

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