DiscoverGold
5 days ago
Amazon Stock (AMZN) Price Prediction and Forecast
By: 24/7 Wall Street | July 17, 2024
Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split adjusted price of $.07.
Today, Amazon stock trades for $192.85, which means that stock is up over 275,400.00% since May 1997 turning every $1000 invested into $2.75 million today.
The only thing that matters from this point on is what the stock will do for the next 1, 5 and 10 years and beyond. Let’s crunch the numbers and give you our best guest on Amazon’s future share price. No one has a crystal ball and even the Wall Street “experts” are often wrong more than they are right in predicting future stock prices. We will walk through our assumptions and provide you with the story around the numbers (other sites just pick a share price without explaining why they suggest the price they do).
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Amazon’s Share Price Estimates 2025-2030
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DiscoverGold
5 days ago
US online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says
By: Reuters | July 17, 2024
Shoppers spent about $7.2 billion online across retailers during the first day of Amazon's Prime Day in the United States, according to a report from Adobe Analytics on Wednesday.
Major retailers including Walmart WMT and Target TGT have launched deals and shopping events through July to attract customers by offering deep discounts to compete with the Amazon sales event.
Adobe Analytics, which studies e-commerce transaction data, had forecast that consumers could spend $7.1 billion online across retailers on Tuesday, up 11.3% from a year earlier.
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fwb
1 week ago
A look at Anthropic’s Claude
https://techcrunch.com/2024/07/09/anthropics-claude-adds-a-prompt-playground-to-quickly-improve-your-ai-apps/
Anthropic’s Claude adds a prompt playground to quickly improve your AI apps
What you need to know about the AWS AI chips powering Amazon's partnership with Anthropic
https://www.aboutamazon.com/news/aws/what-you-need-to-know-about-the-aws-ai-chips-powering-amazons-partnership-with-anthropic
If you own shares in AMAZON, you should know what you're buying into...
They started out selling BOOKS,,,,,,,,,,
Now look at them
and the best is yet to come.
fwb
2 weeks ago
Amazon (AMZN) shares are hovering near record high territory with the tech behemoth's second-quarter earnings on deck. Still, there is further upside ahead for Amazon stock, helped by its high-margin cloud and advertising businesses, an analyst said.
Jefferies analyst Brent Thill reiterated a buy rating for Amazon stock and upped the firm's price target for AMZN to 235, from the previous 225.
"Continued (Amazon Web Services) and advertising momentum combined with retail operating leverage should support 18%+ upside" to Jefferies target price, Thill told clients late Monday.
On the stock market today, Amazon stock gained a fraction to close at 199.34.
RYAN DEFFENBAUGH
04:12 PM ET 07/09/2024