Amazon.com today
As of 2:34 pm ET
- 52 week range
- $149.91
▼
$233.00
- P/E ratio
- 47.01
- Target price
- $243.67
Tech giant shares Amazon.com Inc. NASDAQ:AMZN have long been a favorite of investors, providing more than 50% profit only in 2024 and during this time set several record highs. While stocks took a breather last month, trading sideways and consolidating, they are also forming a strong base of support to support the next leg of the rally.
As the trading range narrows, there are several reasons to be concerned. What a breakthrough could be on the horizon. For those of us looking to revitalize our portfolios in the first quarterThis promotion is worth keeping a close eye on. Let’s get started and take a closer look at what’s causing the hype around Amazon. heading to 2025.
Amazon beats expectations with record revenue growth
To begin withit should be marked How technical titanium broken expectations to a large extent all last year since his income reports. For example, it was implemented last quarter. record income print alongside 56% operating profit growth and strong performance across all key segments. This like Momentum played a major role in pushing stocks to highs late last year.
Ahead of its next earnings report in late January, Wall Street expectations remain high, and deservedly so. Investors should expect the stock to continue to build on this momentum in the coming weeks as smart money positions itself in anticipation another good result after a traditionally successful holiday season.
Amazon continues to garner bullish analyst ratings
Also worth noting is the fact that Amazon stock has received multiple bullish ratings. on a regular basis most of last year, which suggests good prospects for the company in 2025. Already this This month, two groups of analysts reiterated their confidence in the stock, raising their target prices essential.
Amazon.com stock forecast today
$243.67
Growth potential 10.93%Moderate purchase
Based on ratings from 44 analysts
| High forecast | $290.00 |
|---|---|
| Average forecast | $243.67 |
| Low forecast | $186.00 |
Amazon.com Stock Forecast Details
Just this week, the Wedbush team maintained an Outperform rating while raising its price target to $260. This echoed last week’s update from Wolfe Research, which also maintained its outperform rating. along with raised price target of $270.
This supports the argument that we could I’ll look soon on the breakout, given that from where Amazon shares closed on Thursday, these price targets they’re calling at least 20% additional growth potential in the near future. What’s particularly impressive is that these latest updates coincide with a broader trend of analyst optimism that extends into December and all of 2024.
The importance of Amazon’s upcoming earnings report
However, no stock is without risks. With a price-to-earnings (PE) ratio of 48, Amazon’s valuation may seem stretched and overvalued. A little frothy for some investors. To justify this assessment, the company will need present a stellar income report at the end of the month.
Any signs of slowing revenue growth or tightening margins could spook the market, especially as background a broader pause in equity markets as the Federal Reserve adjusts its interest rate policy. However, for long-term investors we tend to say that these problems greatly outweighed the company’s track record and the stock’s reputation for hitting all-time highs.
Why Amazon Stock Could Enter Blue Sky Territory
The technical setup also supports the theory that Amazon ready for a breakthrough in the coming weeks. The stock’s RSI (Relative Strength Index) is currently at 51, indicating that the bulls have the momentum in control, albeit not to a large extent, but more importantly, the stock has huge room to rise. If the stock and the overall market can continue to rise through the end of January, Amazon stock will be in a strong position to enter blue sky territory with its next earnings report.
Looking ahead, the combination of Amazon’s strong fundamentals, bullish analyst sentiment, and promising technical indicators makes the company an exciting prospect for 2025. With a strong catalyst on the horizon in the form of its upcoming earnings report, this is a stock worth keeping an eye on. closely.
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