Currently, Amazon’s stock price may fall below $80. Amazon stock appears to be going bearish based on technical analysis and current market trends.
It is important to note that stock forecasts are not always accurate and can change based on various factors such as company performance and market conditions.
As an investor, it is always important to conduct your own research and analysis before making any decisions about buying or selling a stock.
Only above $97 is Amazon stock showing a trend change.
It appears that the current forecast for Amazon stock is indicating a potential for the stock price to fall below $80.
However, it is important to note that this is just a prediction and there are many factors that can influence the performance of a stock.
Additionally, it is mentioned that only above $97 the stock is showing a trend change which could mean that the stock is currently facing a bearish trend and might fall in the coming days. It’s always important to do your own research and consult with a financial advisor before making any investment decisions.
Amazon’s stock, symbolized by AMZN, closed at a price of $85.25.
According to the latest long-term forecast, prediction, and target, Amazon’s stock price is expected to reach $106 by the end of 2022.
The prediction continues to show an upward trend, with the stock reaching $167 in 2023, $224 in 2024, $291 in 2025, and so on. By 2030, the stock is predicted to reach $767, in 2033 $1,260, in 2040 $4,014, and in 2050 $16,240.
These predictions are based on various analyses and are subject to change with future market fluctuations.
Hello friends, we welcome you to this series of stock forecasts, predictions, and price targets for the years 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050.
Today, we will be analyzing Amazon Inc.’s stock using both technical and fundamental analysis, and providing a forecast for its future price.
The predicted 12-month target for Amazon’s stock.
According to the latest analysis on our website, Amazon Stock is expected to reach a value of $165 within the next 12 months.
This prediction takes into account a variety of factors such as data changes, technical analysis, price movements, volatility, and market cycles.
Our unique formulas for data analysis are used to determine if Amazon Stock would be a good addition to an investment portfolio or not.
The current closing price is $85.25, and if you were to invest $100 now, your investment would be worth $194 by December 2023.
According to analysts’ analysis on Tipranks, the outlook for Amazon’s AMZN stock is positive.
Out of 35 analysts, 33 are suggesting buying the stock, none are suggesting selling, and 2 are suggesting holding.
The average target price for the next 12 months is $139.88, with the highest forecast being $192 and the lowest forecast being $103.
Information about Amazon.com Inc. company
Amazon Inc. is a well-known American company that operates in various industries such as e-commerce, cloud computing, digital streaming, and AI-based projects.
The company was founded in 1994 by Jeff Bezos in Washington, USA, starting out as a small bookselling business and later expanding.
To sell multiple products including Amazon Web Services, Zoox, Kuiper systems, Amazon Prime Video, Amazon Music, Amazon Studios, and subsidiaries such as Ring, Twitch, IMDb, and Whole Foods Market.
In 2017, Amazon Inc. bought Whole Foods for $13.4 billion to grow its retail operations. As a result, the company expanded significantly by 2021.
It had surpassed Walmart to become the world’s largest retail company.
As of May 2022, Jeff Bezos is currently the second wealthiest person globally, with an estimated net worth of around $150 billion.
Additionally, Amazon Inc. is among the top five major information technology companies in the world.
Amazon Stock Financial Analysis
Amazon.com Inc. has shown a strong upward trend in revenue growth, with an annual compound annual growth rate (CAGR) of 26.46% over the past five years.
Amazon.com Inc. has seen a significant increase in net income over the past five years, with a compound annual growth rate (CAGR) of 43.25%.
The Amazon.com Inc.’s stock price has experienced strong growth over the past five years, with a compound annual growth rate (CAGR) of 18.05%.
NASDAQ: AMZN earnings for Q2 – June 2022
Amazon.com, Inc. has reported a revenue of $121.234 Billion, which is an increase of 7.21% compared to $113.080 Billion the previous year.
However, the company has reported a loss of -$2.028 Billion, a decline from the $7.778 Billion in profits reported last year. This represents a decrease in profit year-over-year.
NASDAQ: AMZN earnings for Q3 – September 2022
Amazon.com, Inc. has reported a revenue of $127.10 Billion, which is a 15% increase compared to $110.80 Billion the previous year.
However, the company’s profits have decreased by 7.95% YoY, with a profit of $2.90 Billion compared to $3.15 Billion last year.
Stock forecast and price prediction for Amazon
This website, hindiallkuchh.com, provides forecasts, price predictions, and targets for the stock of Amazon AMZN for the years 2022 to 2050.
These predictions are made by analyzing past data using fundamental analysis, technical analysis, Elliott wave analysis, and AI.
However, please keep in mind that these forecasts and predictions are only suggestions given by experts and are not perfect.
There may be errors in any analysis, but the website is making an effort to provide accurate stock forecasts and predictions.
Amazon Stock Price Technical Analysis
Is it possible for Amazon’s stock to reach $140 or will it decrease to $65?
On October 27, 2022, Amazon announced its Q3 earnings, which were not particularly encouraging for short-term investments.
The net revenue increased by 15%, but the net income decreased by 7.95%. The stock’s long-term trend is positive, but the short-term trend is bearish.
This means that the stock may decrease to $80 in the short-term and then to $65, but this trend could change if the stock’s price goes above $104. In the long term.
Looking at the overall trend, it is expected that the stock will reach $160 by the end of 2023.
“Frequently Asked Questions about the Predicted Stock Performance of Amazon”
What is the predicted performance of Amazon’s stock for the year 2022?
It is predicted that the value of Amazon’s stock, symbolized by AMZN, will reach a high point of $167.48 by the end of 2023.
When is it expected for the value of Amazon’s stock, symbolized by AMZN, to reach $10,000?
According to the most recent analysis of technical and Elliott Wave data, it is estimated that Amazon’s stock, symbolized by AMZN, could reach $10,000 in the years 2047-48.
However, it’s worth noting that this prediction may change as new data becomes available and will be updated on a monthly basis.
What is the predicted increase in value for Amazon’s stock, symbolized by AMZN, by the year 2040?
The forecast data for Amazon’s stock is symbolized by AMZN. Suggests that it could reach its highest value of $4,014 by the year 2040.
What is the predicted performance of Amazon’s stock, symbolized by AMZN, for the next five years?
Based on the current analysis of Amazon’s stock, symbolized by AMZN. It is expected to reach the highest value of $447 in the next five years.
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