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Amazon.com - AMZN Stock Forecast, Price & News

$103.39
-9.52 (-8.43%)
(As of 02/3/2023 05:17 PM ET)
Add
Compare
Today's Range
$102.52
$108.78
50-Day Range
$81.82
$112.91
52-Week Range
$81.43
$170.83
Volume
143.92 million shs
Average Volume
82.87 million shs
Market Capitalization
$1.05 trillion
P/E Ratio
94.90
Dividend Yield
N/A
Price Target
$145.81

Amazon.com MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
41.4% Upside
$146.22 Price Target
Short Interest
Healthy
0.67% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.32mentions of Amazon.com in the last 14 days
Based on 157 Articles This Week
Insider Trading
Selling Shares
$5.04 M Sold Last Quarter
Proj. Earnings Growth
135.82%
From $0.67 to $1.58 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Retail/Wholesale Sector

3rd out of 213 stocks

Catalog & Mail - Order Houses Industry

1st out of 18 stocks

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

Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Are penny stocks worth it? You may have heard about the risk involved in purchasing penny stocks, so should you purchase them? Learn more.
Nostalgia sells; nostalgia with a twist can be a smash
Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will willingly open their wallets to scratch that sentimental itch
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Are Penny Stocks Worth it? Should You Invest in Penny Stocks? (AMZN)
Are penny stocks worth it? You may have heard about the risk involved in purchasing penny stocks, so should you purchase them? Learn more.
Google, Apple, Amazon give investors reason to fret
Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances
Spanish court: Amazon violated labor law with delivery app
A Spanish court says Amazon broke labor laws by forcing more than 2,000 delivery drivers to use an app that the company controlled for scheduling work and payments as well as requiring them to use their own cars and cellphones on the job
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally (AMZN)
EPAM Systems isn’t as well known as its S&P tech sector peers, but the infotech services provider is notching revenue and profit growth with its AI tools.
Big tech roils markets after shaky quarterly performances
Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
US futures fall on tech earns, jobs data
Weaker-than-expected financial performances from some of the country’s biggest tech companies dragged U.S. markets lower early Friday and a hot monthly employment report briefly sent futures even lower
US futures fall on tech earns as Wall Street eyes jobs data
Weaker-than-expected earnings from technology companies dragged U.S. markets lower ahead of the government’s closely-watched jobs report
US added a strong 517,000 jobs in January despite Fed hikes
America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates
Amazon Q4 Earnings: AWS Is Feeling The Pain
FTC Is Preparing Potential Antitrust Case Against Amazon
Amazon Earnings: 5 Key Metrics Investors Should See
Wells Fargo Keeps Their Buy Rating on Amazon (AMZN)
See More Headlines
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AMZN Company Calendar

Last Earnings
2/02/2023
Today
2/03/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
Employees
1,608,000
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$146.22
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$106.00
Forecasted Upside/Downside
+41.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
46 Analysts

Profitability

Net Income
$33.36 billion
Pretax Margin
1.98%

Debt

Sales & Book Value

Annual Sales
$469.82 billion
Cash Flow
$6.54 per share
Book Value
$13.58 per share

Miscellaneous

Outstanding Shares
10,201,650,000
Free Float
8,906,044,000
Market Cap
$1.05 trillion
Optionable
Optionable
Beta
1.22

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













AMZN Stock - Frequently Asked Questions

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

46 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 42 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?

46 Wall Street research analysts have issued 12-month target prices for Amazon.com's stock. Their AMZN share price forecasts range from $106.00 to $270.00. On average, they expect the company's share price to reach $146.22 in the next year. This suggests a possible upside of 40.7% 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 at the beginning of the year. Since then, AMZN shares have increased by 23.7% and is now trading at $103.89.
View the best growth stocks for 2023 here
.

Are investors shorting Amazon.com?

Amazon.com saw a decline in short interest in January. As of January 15th, there was short interest totaling 68,550,000 shares, a decline of 10.8% from the December 31st total of 76,830,000 shares. Based on an average daily volume of 83,790,000 shares, the days-to-cover ratio is currently 0.8 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, April 27th 2023.
View our AMZN earnings forecast
.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) announced its quarterly earnings data on Thursday, February, 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.12. The e-commerce giant earned $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a net margin of 2.25% and a trailing twelve-month return on equity of 14.44%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share.
Read the conference call transcript
.

When did Amazon.com's stock split?

Shares of Amazon.com split on the morning of Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly minted shares were issued 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 first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $121.00 billion-$126.00 billion, compared to the consensus revenue estimate of $125.11 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 many different retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.50%), Baillie Gifford & Co. (0.37%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), New York State Common Retirement Fund (0.17%), New York State Teachers Retirement System (0.10%) and AustralianSuper Pty Ltd (0.09%). 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 M Blackburn, Jeffrey P Bezos, Jeffrey P Bezos, John G Sznewajs, Jonathan Rubinstein, Judith A Mcgrath, Patricia Q Stonesifer 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 $103.89.

How much money does Amazon.com make?

Amazon.com (NASDAQ:AMZN) has a market capitalization of $1.06 trillion and generates $469.82 billion in revenue each year. The e-commerce giant earns $33.36 billion in net income (profit) each year or $1.0895 on an earnings per share basis.

How many employees does Amazon.com have?

The company employs 1,608,000 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 2/3/2023 by MarketBeat.com Staff