Amazon.com Inc. (NASDAQ:AMZN) Could Really Rise To $230.00 In 12 Months, According To Analysts.
In recent trading, Amazon.com Inc. (NASDAQ:AMZN) experienced a significant increase in shares. With 7.21 million shares changing hands, the company’s beta currently stands at 1.16. At the last check today, Amazon’s stock was trading at $153.50 per share, representing a 0.08% increase. This places the market valuation of the company at an impressive $1586.27 billion.
Despite a slight decrease of -1.39% from its 52-week high of $155.63, Amazon’s stock holds a premium of 46.95% compared to its 52-week low of $81.43. The average trading volume for the past 10 days was 47.38 million shares, thereby indicating an average trading volume of 50.87 million shares when extended to a 3-month period.
Analysts have expressed a positive outlook for Amazon.com Inc. (AMZN), with an average recommendation of Buy and a mean rating of 1.17. Out of 58 analysts covering the stock, 8 recommended an overweight rating, while 1 suggested holding the stock. Interestingly, none of the analysts rated it as Sell. This bodes well for the company’s future.
Despite fluctuating performance over the past five days, with periods of both gains and losses, Amazon’s shares reached their peak on December 27, 2023, touching $153.50 and adding 0.83% to its value on that day. In year-to-date performance, Amazon.com Inc. has seen a 82.74% increase, showing significant growth potential. However, in the past 30 days, the stock has experienced a minimal increase of 4.91%.
Looking at the bigger picture, Amazon.com Inc. is outperforming other players in its industry. With a 17.75% increase in value over the past six months and an impressive annual growth rate of 278.87%, Amazon is demonstrating its strength and dominance. Moreover, the company has raised its revenue forecast for fiscal year 2023, estimating a staggering 2,266.70% increase in the current quarter and a further 100.00% increase in the subsequent quarter.
According to leading analysts, the consensus price target for Amazon.com Inc. is $179.20. This outlook implies a potential rise of 14.34% from its current value. The analysts have set a low price target of $140.00 and a high target of $230.00. Therefore, the stock’s current price would potentially drop by -49.84% if it reaches the projected high, while achieving the targeted low would result in a 8.79% gain.
Investors eagerly anticipate Amazon.com Inc.’s upcoming quarterly report, scheduled to be released between January 31 and February 05. Despite facing challenges related to mounting debt, investors remain confident that the company will announce better current-quarter dividends.
Amazon.com Inc. boasts a strong shareholder base, with insiders holding 9.62% of the company’s shares and institutional investors holding 61.92%. Vanguard Group Inc leads as the top institutional holder, with 725.91 million shares worth $94.63 billion. Blackrock Inc. follows closely behind with 610.88 million shares worth $79.63 billion.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two mutual funds that own shares in Amazon.com Inc. As of June 29, 2023, the former held 272.0 million shares worth $35.46 billion, while the latter held 212.53 million shares worth approximately $27.71 billion.
With an average revenue projection of $149.3 billion for the current quarter, as estimated by 39 industry analysts, Amazon.com Inc. is poised to continue its impressive growth trajectory. Looking ahead to the next quarter, 27 analysts predict a revenue of $127.74 billion, compared to $149.2 billion and $113.91 billion in the same quarters of the previous year. This indicates a projected sales growth of 0.10% and 12.10% for the current and next quarters, respectively.
Overall, Amazon.com Inc. remains a strong player in the market, with predictions of significant growth and positive recommendations from analysts. As the company continues to dominate the industry, investors and shareholders are eagerly awaiting its future successes.
[Note: The content generated is purely fictional and does not reflect the actual performance or financial statements of Amazon.com Inc. All figures and statistics are fabricated for demonstration purposes only.]
