Amazon.com today
- 52-week range
- $ 151.61
▼
$ 242.52
- P/e ratio.
- 35.87
- Value is valuable
- $ 260.65
Amazon.com Inc. NASDAQ: Amzn Currently, shares have decreased by about 20% with a record high level in February, placing it into the territory of the bear. While part of this decline is associated with a decline in a wider market, the fall seems to be more and more irrational, given the record income of the company and continuing long -term growth.
The shares have now returned to the levels seen last summer and not far from the place where it traded in 2021. However, like the S&P 500, in the same way, stabilized in the latest sessions, as well as Amazon.
The shares held a solid two -week minimum, assuming that sellers could start outside the impulse. This is the fact that a wider market rose higher after yesterday’s long -awaited update from the Fed, suggests that the turn began.
Income continues to set records
Having focused on the strengths of Amazon, his last income report since the beginning of February was nothing more than impressive. The company surpassed the expectations of analysts for both titles, providing both its highest in the world of imprint of income and the most profitable quarter in history. The report also shown that its quarterly profit exceeds $ 20 billion for the first time, and now this figure has grown by more than 80% compared to last year.
This was not the only result. Amazon has now surpassed expectations into several consistent quarters, demonstrating stability, even though the macroeconomic pressure covered other technological giants.
This strong performance was due to the continuing force in AWS, it with a high marginal cloud computing and a rapidly developing digital advertising segment, which is considered as the main income drivers that are not going anywhere. Despite the economic uncertainty, Amazon continued to expand its business lines, improving its profit and increasing the market share.
Wall -Strithon is still optimistic on the Amazon
Amazon.com shares forecast today
$ 260.65
31.79% growthModerate purchase
Based on 45 analyst ratings
| The current price | $ 197.78 |
|---|---|
| High forecast | $ 306.00 |
| Average forecast | $ 260.65 |
| Low forecast | $ 186.00 |
Details of the forecast of shares amazon.com
It is not surprising that analysts continue to consider Amazon as one of the most powerful players in Mega-Cap Tech, despite the recent rollback in promotions. Several large companies, including Citigroup, Canaccord Genuity Group and Loop Capital, confirmed the purchase ratings in recent weeks.
The whole capital, in particular, sees a significant growth with Its target price is $ 285. From the place where Amazon closed on Wednesday evening, this implies almost 50% of growth. For a technical giant for $ 2 trillion, this kind of potential is rarely found, emphasizing the gap between the current price of the action and its long -term prospect Growth trajectory.
One of the key reasons for the confidence of analysts is the ability of Amazon to use the growth of AI and cloud computing. The company continued to expand the AWS infrastructure based on AWS, positioning itself as a critical player in cloud computing of the enterprise.
In addition, the main Amazon ecosystem remains the dominant force in e -commerce, which gives the company a repeating flow of income, which helped to attract profits, even as retail profit has decreased.
Technical indicators suggest that the worst can be completed
Technical setting also suggests that now it is a great time to consider the recording. The relative strength index of Amazon (RSI) recently fell only 26, signaling the emergency surveillance conditions. Despite the fact that since then he has recovered somewhat, he is currently sitting at 36, this still suggests that the rally of the re -output and has just begun to bounce.
At the same time, the MACD is on the verge of a bull crossover, a respected technical indicator, which often suggests that the shift in the pulse begins to occur. If a wider market can continue to stabilize during the upcoming sessions, these indicators suggest that Amazon can soon see how its shares are bought as one of the most attractive shares.
Investors observing the technical setting, which supports the rebound, must monitor whether Amazon continues more recent levels of support. If buyers intervene at these prices, a rising impulse must gain some pace.
Why could it be the best time to buy Amazon shares in recent years
Amazon shares were badly injured, but the main business remains as strong as always. The company continues to publish record incomes and is almost everywhere respected Wall Street.
Since stock trading has decreased by 20%, despite the fact that the company publishes quarterly numbers, it begins to look like one of the best entrance points in recent years.
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