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MarketBeat Week in Review – 6/4 - 6/9
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
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With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
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Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
Unlock Profit Potential: Find Hidden Trade Opportunities Using A.I. (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
Followed 198 TimesTop FollowedTop-Rated StocksTop-RatedMost-Upgraded StocksMost-Upgraded
NASDAQ:AMZN

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

$123.43
-0.82 (-0.66%)
(As of 06/9/2023 ET)
Compare
Today's Range
$123.19
▼
$125.80
50-Day Range
$97.83
▼
$126.61
52-Week Range
$81.43
▼
$146.57
Volume
51.40 million shs
Average Volume
61.88 million shs
Market Capitalization
$1.27 trillion
P/E Ratio
293.88
Dividend Yield
N/A
Price Target
$144.93
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Amazon.com MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
17.4% 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
0.62mentions of Amazon.com in the last 14 days
Based on 81 Articles This Week
Insider Trading
Selling Shares
$8.58 M Sold Last Quarter
Proj. Earnings Growth
51.28%
From $1.56 to $2.36 Per Share

Overall MarketRank™

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

2.55 out of 5 stars

Retail/Wholesale Sector

41st out of 206 stocks

Catalog & Mail-Order Houses Industry

3rd out of 14 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 8, 2023 | marketbeat.com
6 Best Online and Direct Marketing Retail Stocks to Invest in (AMZN)
Online retail stocks offer ways to invest in internet-based retail stores. Learn more about the best online retail stocks to invest in on MarketBeat.
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 10, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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 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
June 10, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
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
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.
June 10, 2023 | benzinga.com
Apple, Amazon Face Consumer Antitrust Lawsuit: Did They Manipulate iPhone Prices?
June 9, 2023 | benzinga.com
Amazon Shows Signs Of Strength As The Stock Consolidates: The Bull, Bear Case
June 9, 2023 | finance.yahoo.com
Why United Natural Foods Stock Tumbled This Week
June 9, 2023 | msn.com
Amazon plans ad tier for Prime Video streaming service, Wall Street Journal reports
June 9, 2023 | bizjournals.com
Amazon HQ2-area restaurants, retailers play the waiting game for a Crystal City surge
June 9, 2023 | bizjournals.com
Amazon opens one of its biggest US facilities in East Valley
June 9, 2023 | msn.com
Amazon’s stock could be a sleepy AI play, according to UBS
June 9, 2023 | americanbankingnews.com
Amazon.com (NASDAQ:AMZN) PT Raised to $150.00 at Piper Sandler
June 9, 2023 | americanbankingnews.com
Amazon.com (NASDAQ:AMZN) Now Covered by Wells Fargo & Company
June 9, 2023 | msn.com
Amazon’s stock rallies as analyst says Wall Street doesn’t give it enough credit
June 8, 2023 | markets.businessinsider.com
What's Going On With Amazon Stock Thursday
June 8, 2023 | finance.yahoo.com
UPDATE 1-Amazon, Target modify deliveries in areas with poor air quality
June 8, 2023 | msn.com
Ad-Supported Prime Video And Positive Analyst Coverage Drive Amazon Shares Higher
June 8, 2023 | finance.yahoo.com
Why Amazon Stock Could Rise Another 30%
June 8, 2023 | finance.yahoo.com
Amazon Rallies as Street Gets Bullish on Outlook for Retail, AWS, and AI
See More Headlines

AMZN Price History

AMZN Company Calendar

Last Earnings
4/27/2023
Today
6/10/2023
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
$144.93
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$111.00
Forecasted Upside/Downside
+17.4%
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
293.88
Forward P/E Ratio
79.12
P/E Growth
2.42
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
2.46
Cash Flow
$4.77 per share
Price / Cash Flow
25.86
Book Value
$14.25 per share
Price / Book
8.66

Miscellaneous

Outstanding Shares
10,260,350,000
Free Float
8,998,330,000
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 twelve months. 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 Wall Street research analysts have issued twelve-month price targets for Amazon.com's shares. Their AMZN share price forecasts range from $111.00 to $270.00. On average, they expect the company's share price to reach $144.93 in the next twelve months. This suggests a possible upside of 17.4% 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 shares have increased by 46.9% and is now trading at $123.43.
View the best growth stocks for 2023 here.

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) posted its quarterly earnings results on Thursday, April, 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The e-commerce giant earned $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a trailing twelve-month return on equity of 5.85% and a net margin of 0.82%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company 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 VanEck Retail ETF (RTH), 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), 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's stock 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 issued to shareholders after the closing bell 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 issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share 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 variety of institutional and retail investors. Top institutional shareholders 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 $123.43.

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 6/10/2023 by MarketBeat.com Staff

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