Amazon's stock rose from a split-adjusted seven cents at IPO to a gain exceeding 308,700%, becoming a Magnificent 7 mainstay and the fourth-largest public market cap. From 2014 to 2024, shares climbed over 1,025% while revenue grew from $89 billion to $638 billion and net income rose from −$0.241 billion to $59.2 billion. The COVID-19 pandemic accelerated e-commerce adoption and produced substantial gains between March 2020 and 2024, though pulled-forward sales contributed to a 2022 downturn and surprise loss. Future performance through 2030 will hinge on e-commerce trends, AWS growth, advertising, valuation metrics like P/E ratios, and macroeconomic conditions.
Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 308,700% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the fourth-largest market cap of any publicly traded company.
However, for investors, what matters most now is how the stock performs going forward. Let's crunch the numbers on a 2030 price prediction for Amazon. Of course, no one has a crystal ball. But based on the macroeconomic environment, industry trends, Amazon's growth metrics, and other factors such as price-to-earnings (P/E) ratios, 24/7 Wall St. can make cases for bulls, bears, and a baseline.
From 2014 to 2024, shares of Amazon surged by more than 1,025%, from $19.94 to $223.75. A considerable amount of that gain came between March 2020-coinciding with the arrival of the COVID-19 pandemic-and last year. From March 13, 2020, through the end of December 2024, the stock climbed from $89.25 per share to $134.50, a gain of 150.70%, as the company became the focal point for sourcing materials during lockdowns.
Collection
[
|
...
]