Amazon.com Inc. shares have fallen 3.7% recently, maintaining a YTD decline, yet are 21.3% higher compared to last year. The company reported robust advertising revenue growth of 18% on a quarterly basis, totaling $17.3 billion. Factors contributing to revenue include strong holiday spending and AI services from AWS. Despite recent fluctuations, the stock has surged significantly over the last five years, showing a 106.7% increase. Analysts, including Raymond James and BMO Capital, have raised price targets for Amazon, reflecting confidence in its future prospects.
Shares of Amazon.com Inc. (NASDAQ: AMZN) have retreated 3.7% in the past week and are down by about the same amount since the beginning of the year.
During its fourth-quarter 2024 earnings call on Feb. 6, Amazon announced that its advertising revenue surged to $17.3 billion as Thursday Night Football set streaming records by averaging 13.7 million viewers.
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