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GE   106.08 (+0.59%)
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PFE   38.89 (+1.36%)
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Followed 194 TimesTop FollowedTop-Rated StocksTop-Rated
NASDAQ:AMZN

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

$121.23
-5.38 (-4.25%)
(As of 06/7/2023 ET)
Compare
Today's Range
$120.63
▼
$127.37
50-Day Range
$97.83
▼
$126.61
52-Week Range
$81.43
▼
$146.57
Volume
95.57 million shs
Average Volume
66.66 million shs
Market Capitalization
$1.24 trillion
P/E Ratio
288.64
Dividend Yield
N/A
Price Target
$143.52
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Amazon.com MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
18.9% Upside
$144.14 Price Target
Short Interest
Healthy
0.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.33mentions of Amazon.com in the last 14 days
Based on 75 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.

2.53 out of 5 stars

Retail/Wholesale Sector

45th out of 205 stocks

Catalog & Mail - Order Houses Industry

5th out of 19 stocks

See Top Rated MarketRank™ Stocks Here

AMZN stock logo

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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AMZN Stock News Headlines

June 6, 2023 | marketbeat.com
Celsius Jumps Nearly 5% As Piper Sandler Boosts Price Target (AMZN)
Celsius' distribution deal with PepsiCo is driving colossal revenue growth, propelling the stock higher. A Piper Sandler price target boost helped lift shares.
June 2, 2023 | marketbeat.com
Amazon union organizer in Alabama who testified before Senate committee is terminated
An Amazon worker in Alabama that has been vocal in unionization efforts, has been terminated by the company, according to the Retail, Wholesale and Department Store Union
June 7, 2023 | Legacy Research (Affiliate) (Ad)
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
June 2, 2023 | marketbeat.com
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars (AMZN)
Symbotic's AI-powered warehouse robotics platform is driving impressive gains as major retailers embrace automated technology for more efficient operations.
May 31, 2023 | marketbeat.com
FTC charges Amazon with privacy violations over Alexa and Ring cameras
Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring
May 31, 2023 | marketbeat.com
Is This the Right Time to Invest in Alibaba? (AMZN)
Without the ability to turn significant profits, Alibaba is struggling. Fortunately, the industry as a whole is facing challenges, so watch the sector closely.
May 31, 2023 | marketbeat.com
Alibaba Unveils Its Spin-Off Plans (AMZN)
Chinese e-commerce giant Alibaba Group Holdings Ltd. (NASDAQ: BABA) announced in November 2022 that it would be spinning off six companies. Ali Baba has b
May 31, 2023 | marketbeat.com
Amazon workers upset over job cuts, return-to-office mandate stage walkout
A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company’s environmental impact is planning a walkout at its Seattle headquarters Wednesday
June 7, 2023 | Investor Place Media (Ad)
Disturbing Truth About Biden's New Program To Seize Your Cash
A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
May 30, 2023 | marketbeat.com
The "How" and "Why" of Investing in 5G Stocks (AMZN)
Want to invest in 5G? You don't have to dig into just the top cellphone carriers. Learn how to invest in 5G stocks in a few different ways.
May 26, 2023 | marketbeat.com
Hot Inflation, What It Means For The Summer Rally  (AMZN)
The PCE Price Index is hotter than expected and may lead to another FOMC rate hike, increased economic pressure, and the hard-landing it's trying to avoid.
May 25, 2023 | marketbeat.com
Best Buy's Comeback Is Still At Play, Earnings Call For Patience (AMZN)
Best Buy is presenting investors with its second-highest dividend yield in company history, hinting at investors - and analysts - that the stock is underrated
June 7, 2023 | msn.com
Amazon's Proprietary Silicon Strategy May Boost AWS Growth and Performance, Analyst Predicts
June 7, 2023 | msn.com
Amazon: Don't Buy Into The Bear Market Rally
June 7, 2023 | msn.com
Analysts Love Amazon Stock (NASDAQ:AMZN). It’s Easy to See Why
June 7, 2023 | finance.yahoo.com
GameStop CEO out, CNN chief leaves, Amazon asked to pare down: Top stories
June 7, 2023 | finance.yahoo.com
Amazon Stock Fixes: Scale Back Healthcare, Internet Projects, Analyst Argues
June 7, 2023 | finance.yahoo.com
Why Paramount Global Stock Was a Winner on Wednesday
June 7, 2023 | msn.com
Amazon's Innovation And Its Financial Implications: Can The Tech Giant's Planned Free Mobile Service Drive Its Share Price To 200?
June 7, 2023 | msn.com
Amazon needs a ‘significant amount of self-help’ to boost its stock: analyst
June 7, 2023 | msn.com
Amazon plans ad-supported tier for Prime Video streaming service: report
June 7, 2023 | msn.com
Amazon reportedly eyes ad tier for video; WBD, PARA jump on talk of Channels inclusion
June 7, 2023 | finance.yahoo.com
Stock market winners in 2023 are last year's losers
June 7, 2023 | americanbankingnews.com
Amazon.com (NASDAQ:AMZN) Price Target Raised to $150.00 at Piper Jaffray Companies
June 7, 2023 | msn.com
Amazon: AWS Is A Powerhouse
June 7, 2023 | msn.com
Piper Sandler Maintains Amazon.com (AMZN) Prior Recommendation
June 7, 2023 | americanbankingnews.com
Douglas J. Herrington Sells 4,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock
See More Headlines

AMZN Price History

AMZN Company Calendar

Last Earnings
4/27/2023
Today
6/07/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Catalog & mail-order houses
Sub-Industry
Internet Retail
Sector
Retail/Wholesale
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
CIK
1018724
Web
www.amazon.com
Phone
(206) 266-1000
Fax
302-636-5454
Employees
1,541,000
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$144.14
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$111.00
Forecasted Upside/Downside
+16.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
43 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.42
Trailing P/E Ratio
294.55
Forward P/E Ratio
78.80
P/E Growth
2.43
Net Income
$-2,722,000,000.00
Net Margins
0.82%
Pretax Margin
0.66%
Return on Equity
5.85%
Return on Assets
1.88%

Debt

Debt-to-Equity Ratio
0.43
Current Ratio
0.92
Quick Ratio
0.69

Sales & Book Value

Annual Sales
$513.98 billion
Price / Sales
2.47
Cash Flow
$4.74 per share
Price / Cash Flow
26.08
Book Value
$14.25 per share
Price / Book
8.68

Miscellaneous

Outstanding Shares
10,260,350,000
Free Float
8,957,289,000
Market Cap
$1.27 trillion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Andrew R. JassyAndrew R. Jassy
    President, Chief Executive Officer & Director
  • Brian T. OlsavskyBrian T. Olsavsky
    Chief Financial Officer & Senior Vice President
  • Amit Agarwal
    Senior VP & Country Manager-Amazon India
  • David A. ZapolskyDavid A. Zapolsky
    Secretary, Senior Vice President & General Counsel
  • Rohit Prasad
    Vice President & Head Scientist-Alexa

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













AMZN Stock - Frequently Asked Questions

Should I buy or sell Amazon.com stock right now?

43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last year. There are currently 2 hold ratings and 41 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMZN shares.
View AMZN analyst ratings or view top-rated stocks.

What is Amazon.com's stock price forecast for 2023?

43 brokers have issued 12 month price targets for Amazon.com's stock. Their AMZN share price forecasts range from $111.00 to $270.00. On average, they anticipate the company's share price to reach $144.14 in the next year. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for AMZN or view top-rated stocks among Wall Street analysts.

How have AMZN shares performed in 2023?

Amazon.com's stock was trading at $84.00 on January 1st, 2023. Since then, AMZN stock has increased by 47.3% and is now trading at $123.71.
View the best growth stocks for 2023 here.

Are investors shorting Amazon.com?

Amazon.com saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 65,540,000 shares, an increase of 6.6% from the April 30th total of 61,480,000 shares. Based on an average trading volume of 60,860,000 shares, the days-to-cover ratio is presently 1.1 days.
View Amazon.com's Short Interest.

When is Amazon.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our AMZN earnings forecast.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) released its quarterly earnings results on Thursday, April, 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The e-commerce giant earned $127.36 billion during the quarter, compared to analysts' expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a trailing twelve-month return on equity of 5.85%. Amazon.com's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share.
Read the conference call transcript.

What ETFs hold Amazon.com's stock?

ETFs with the largest weight of Amazon.com (NASDAQ:AMZN) stock in their portfolio include Consumer Discretionary Select Sector SPDR Fund (XLY), ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), Fidelity MSCI Consumer Discretionary Index ETF (FDIS), VanEck Retail ETF (RTH), Vanguard Consumer Discretionary ETF (VCR), Direxion Daily AMZN Bull 1.5X Shares (AMZU) and Daily Consumer Discretionary Bull 3X (WANT).

When did Amazon.com's stock split?

Amazon.com shares split on the morning of Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly created shares were payable to shareholders after the market closes on Friday, June 3rd 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

What guidance has Amazon.com issued on next quarter's earnings?

Amazon.com updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $127.00 billion-$133.00 billion, compared to the consensus revenue estimate of $129.83 billion.

What is Andrew Jassy's approval rating as Amazon.com's CEO?

18,663 employees have rated Amazon.com Chief Executive Officer Andrew Jassy on Glassdoor.com. Andrew Jassy has an approval rating of 83% among the company's employees. 74.0% of employees surveyed would recommend working at Amazon.com to a friend.

What other stocks do shareholders of Amazon.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amazon.com investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), General Electric (GE), Alphabet (GOOG), Walt Disney (DIS) and Salesforce (CRM).

What is Amazon.com's stock symbol?

Amazon.com trades on the NASDAQ under the ticker symbol "AMZN."

Who are Amazon.com's major shareholders?

Amazon.com's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (3.23%), FMR LLC (2.70%), Price T Rowe Associates Inc. MD (1.84%), Geode Capital Management LLC (1.61%), Wellington Management Group LLP (0.74%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Adam Selipsky, Amazon Com Inc, Andrew R Jassy, Brian T Olsavsky, Daniel P Huttenlocher, David H Clark, David Zapolsky, Douglas J Herrington, Indra K Nooyi, Jeffrey A Wilke, Jeffrey P Bezos, Jeffrey P Bezos, John G Sznewajs, Jonathan Rubinstein, Judith A Mcgrath and Shelley Reynolds.
View institutional ownership trends.

How do I buy shares of Amazon.com?

Shares of AMZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Amazon.com's stock price today?

One share of AMZN stock can currently be purchased for approximately $123.71.

How much money does Amazon.com make?

Amazon.com (NASDAQ:AMZN) has a market capitalization of $1.27 trillion and generates $513.98 billion in revenue each year. The e-commerce giant earns $-2,722,000,000.00 in net income (profit) each year or $0.42 on an earnings per share basis.

How many employees does Amazon.com have?

The company employs 1,541,000 workers across the globe.

Does Amazon.com have any subsidiaries?
The following companies are subsidiares of Amazon.com: 2lemetry, A100 ROW Inc., AbeBooks, Accept.Com, Aditya Birla Fashion and Retail, Alexa, Amazon Data Services Inc., Amazon Technologies Inc., Amazon US Services LLC, Amazon Web Services Inc., Amazon.com NV Investment Holdings LLC, Amazon.com Sales Inc., Amazon.com Services LLC, Amiato, Amie Street, Angel.ai, Annapurna Labs, Audible, Back To Basics Toys, Biba, Blink, Body Labs, BookSurge, Bookpages, Brilliance Audio, BuyVIP, CDNOW, Canvas Technology, Cloud9, Clusterk, Comixology, Convergence Corporation, CustomFlix, Dispatch, Double Helix Games, E8 Storage, EMVANTAGE Payments, Elemental Technologies, Evi, Exchange.Com, Fabric.com, GameSparks, GlowRoad, Goodreads, Graphiq, Health Navigator, IMDB, INLT, IVONA Text-To-Speech, Immedia, Joyo.com, Junglee, Kiva Systems, LOVEFiLM, Leep Technology, Lexcycle, Liquavista, LiveBid, MGM Studios, Mobipocket.com, Orbeus, OurHouse, Perpule, PillPack, PlanetAll.com, Prione, Pushbutton, Quidsi, Quorus, Reflexive Entertainment, Ring, Rooftop Media, Safaba Translation Solutions, Screentech, Selz, Shelfari, Shoefitr, Shopbop, SnapTell, Souq.com, Stanza, Tapzo, TeachStreet, Telebook, TenMarks Education, TextPayMe, The Book Depository, Touchco, Twitch, Umbra3D, UpNext, Veeqo, Whole Foods Market, Without A Box, Woot, Yap, Zappos, Zoox, dpreview, and eero.
Read More
How can I contact Amazon.com?

Amazon.com's mailing address is 410 TERRY AVENUE NORTH, SEATTLE WA, 98109. The official website for the company is www.amazon.com. The e-commerce giant can be reached via phone at (206) 266-1000, via email at amazon-ir@amazon.com, or via fax at 302-636-5454.

This page (NASDAQ:AMZN) was last updated on 6/7/2023 by MarketBeat.com Staff

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