Despite a recent decline in stock price, Amazon has demonstrated significant revenue growth, particularly in advertising and cloud services. The company beat analyst forecasts for revenue and EPS. Year-to-date, AMZN is up nearly 4% and over 37% in the last six months. Analysts have optimistic price targets for the stock, reflecting confidence in Amazon's long-term growth potential, driven by its advertising boom and e-commerce performance. Overall, Amazon remains a strong player in the tech industry, focusing on its future trajectory rather than past gains.
Shares of Amazon (NASDAQ: AMZN) slipped -1.65% on Wednesday and have now fallen -4.14% since market close last Thursday in the lead-up to the company's Q4 earnings call, despite beating analysts' revenue and EPS forecasts.
Amazon announced that its advertising revenue surged to $17.3 billion as Thursday Night Football set streaming records by averaging 13.7 million viewers, representing 18% quarter-over-quarter growth.
Earlier in January, the stock jumped when Raymond James increased its price target for AMZN from $230 to $260, following a similar increase from BMO Capital Markets from $236 to $265.
Amazon trades for $231.40, meaning the stock is up more than 10,698% since January 2005, but the focus now is on future stock performances over the next one, five, and ten years.
Collection
[
|
...
]