Amazon has been one of the reputed companies in the world that have business operations in the majority of countries. Investment in Amazon can be a good deal, however, you might have to consider the price fluctuations in the stock market. In this article, I will discuss the Amazon share price target for the coming few years.
What is Amazon?
Amazon is a US-based multinational technology company that deals in e-commerce, online advertising, cloud computing, artificial intelligence, and digital streaming. The company is considered to be one of the most influential economic and cultural forces in the world. Moreover, the organization is also one of the most valuable brands in the world. Amazon is listed under the five American information technology companies along with Microsoft, Alphabet, Apple, and Meta.
Amazon was founded by Jeff Bezos on 5th July 1994 in his garage in Bellevue, Washington. The company was initiated with the idea of an online marketplace for books but later it was expanded to several product categories. Some of the subsidiaries of Amazon are Amazon Web Services, Zoox, Kuiper Systems, and Amazon Lab126.
Amazon share price
The current Amazon share price is $96.05. The highest point touched by the stock is $186.57 in March 2022.
Amazon share technical analysis
Amazon share price has formed a heads and shoulder pattern on the monthly basis price chart. It is expected that the price will increase from the current price point.
Moreover, the current Amazon share price is near the zone base. After this point, the stock is expected to move upward.
The aggressive buyer can buy at the current price and conservative buyers can wait for the price to come near $90 or $85.
Amazon share price target 2023
Amazon is one of the major e-commerce businesses which have been continuously trying to expand the business in new areas in the year 2023. The analyst at Wallet Investor estimates that Amazon share price target can reach $150, or it can reach $175 in December 2023.
Amazon share price target 2024
Amazon should have reached to a new business level in numerous segments. Based on the increase in business segments they are also a high chance that the stock price will also increase. The estimated Amazon share price target for 2024 will be $210. The price can also reach $225 or above by the end of 2024.
Amazon share price target 2025
Amazon is likely to enter into a partnership with other small E-Commerce companies. The Amazon share price is expected to reach $250 in mid-2025. By the end of the year, can also reach between $270 and $290.
Amazon share price target 2026
According to analysts, if Amazon share price maintained momentum then it will reach $300 in 2026. Price can also reach $310 by the mid of 2026 and $335 by the end of 2026.
Amazon share price target 2027
Amazon share price is expected to increase to $370 by the end of the year 2027. The analysts also estimate the price to reach a too much higher level of $390.
Amazon share price target 2028
Amazon share price is expected to reach $410 in mid-2028. The price can also cross $440 by the end of 2028.
Amazon share price target 2029
Big tech giants like Amazon are likely to acquire new heights over a period of 5 to 7 years. This will also encourage the investors to invest their money in the stock, resulting in increased share prices. The estimated Amazon share price target is $480 by the mid of 2029 and $500 by the end of the year.
Amazon share price target 2030
Amazon share price target for 2030 is $520 by mid-2030 and $530 by the end of the year.
What is the future of Amazon stock?
Based on the analysis, investment in Amazon shares is a valuable asset because the company is one the most valuable brands in the world. Considering the current performance there is no reason to ignore the stock because it has performed well in the past and analysts predict that the value will increase in the future. One can expect capital appreciation after investment in Amazon stock.
Is Amazon stock high risk?
Amazon stock is not highly risky. You can consider investing in it for a short duration. Once you get a return of at least 6 to 8%, you can consider trailing the stop loss or selling the stock and buying again at a lower price.
What is the 5 year return on Amazon stock?
The five-year return on Amazon stock can be expected to be around 40 to 50%.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
Frequently asked questions
What is the target for Amazon stock?
For 2023, the target is $150, for 2025 the target is $250, for 2030 the target is $520.
Is Amazon a good stock to buy?
Yes, Amazon is a good stock to buy.
Is Amazon a buy or sell?
Amazon is currently in a buying position.
Is Amazon a good long-term investment?
Yes, Amazon is a good long-term investment as the investors have received six times the return on investment in the previous 10 years.
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