"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 312,353% 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."
"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."
"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 launched publicly in May 1997 at a split-adjusted price of seven cents and has since grown into a dominant e-commerce platform with massive market capitalization. From 2014 to 2024, shares rose over 1,025%, with pandemic-era demand contributing large gains between March 2020 and December 2024. Revenue expanded from $89 billion to $638 billion and net income moved from a loss to $59.2 billion. Pull-forward pandemic sales caused 2022 challenges and a surprise loss. Future performance through 2030 will hinge on e-commerce strength, macroeconomic conditions, valuation metrics, and ongoing growth drivers.
Read at 24/7 Wall St.
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