"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 309,740% 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 fifth-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."
Amazon rose from a split-adjusted IPO price of seven cents in May 1997 to become a top-five market-cap member of the Magnificent 7, gaining roughly 309,740%. From 2014 to 2024, shares climbed more than 1,025%, including a COVID-era surge that pushed the price up 150.70% between March 13, 2020 and December 2024. Revenue grew from $89 billion to $638 billion and net income moved from −$0.241 billion to $59.2 billion. Pandemic-era demand pull-forward produced 2022 challenges and a surprise loss. Three key areas, beginning with e-commerce success, will determine performance through 2030.
Read at 24/7 Wall St.
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