"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 305,380% 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."
"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. Over the past decade, revenue increased from $89 billion to $638 billion, an astounding increase of more than 616%. At the same time, net income (profit) grew from −$0.241 billion to $59.2 billion, which translates to an incredible gain of 24,664.3%. The ride up was not always smooth, though. All those COVID-19 era sales being "pulled forward" led to challenges in 2022, and the company swung to a surprise loss."
Amazon's stock has risen dramatically since its 1997 IPO, achieving split-adjusted growth of hundreds of thousands of percent and becoming a top-five market-cap company. From 2014 to 2024 shares climbed more than 1,025% while revenue expanded from $89 billion to $638 billion and net income moved from a loss to $59.2 billion. The COVID-19 pandemic materially boosted demand and share performance, producing accelerated gains between March 2020 and December 2024. Pull-forward pandemic sales caused volatility and a 2022 loss. Forecasts through 2030 hinge on e-commerce performance, AWS/cloud growth, advertising, valuation metrics, and macroeconomic conditions.
Read at 24/7 Wall St.
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