Amazon.com, Inc.’s Stock Price Dips to $198.38, Marking a 2.22% Decrease: Investment Opportunities on the Horizon?

Amazon.com, Inc. (AMZN)

198.38 USD -4.50 (-2.22%) Volume: 58.23M

Amazon.com, Inc.’s stock price stands at 198.38 USD, experiencing a -2.22% shift this trading session with a trading volume of 58.23M, yet showcasing a robust YTD growth of +30.39%, underlining its strong market presence and growth potential.

Latest developments on Amazon.com, Inc.

Today, Amazon.com, Inc. (AMZN) stock price movements are influenced by various events. The company faces disruption from Perplexity’s new AI-powered shopping assistant, while brokers suggest investing in Amazon. Amazon recently joined the Clean Air Task Force to push for AI-driven fusion energy innovation and AWS assures AI clients of compliance with new White House national security guidelines. Additionally, Amazon now accepts EBT card payments and has started its 2024 Black Friday sale. Despite insider selling and decreased stakes in the company by some investors, Amazon remains a top momentum stock for the long-term, with its AI-powered Alexa forming new partnerships. Amidst all this, Amazon is also facing accusations of violating labor rights, highlighting the complexities affecting the company’s stock price.

Amazon.com, Inc. on Smartkarma

Analysts on Smartkarma have been closely covering Amazon.com Inc, with research reports highlighting various aspects of the company’s performance and future prospects. Baptista Research‘s report titled “Amazon’s Secret Profit Playbook: How AWS, Prime, and Ads Are Transforming the Future!” leans bullish, emphasizing the strong revenue growth and operational improvements in the third quarter of 2024. MBI Deep Dives also provided a bullish outlook in their report “Amazon 3Q’24 Update”, focusing on the double-digit growth rates across different segments of Amazon’s business, excluding 1P sales.

Additionally, Uttkarsh Kohli’s report on “Amazon Q2 Earnings: Eyes on AWS Margins, Website Traffic, and Advancements in Chips” anticipates significant year-over-year growth in EPS driven by AWS expansion and advertising revenue. Analysts have reaffirmed buy ratings for Amazon, reflecting confidence in the company’s growth prospects. Joe Jasper also remains bullish on large-cap growth names like Amazon, emphasizing their positive outlook amidst market fluctuations.

A look at Amazon.com, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Amazon.com Inc has been given a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in terms of growth, resilience, and momentum, it falls short in terms of value and dividends. This suggests that Amazon.com Inc is positioned for strong growth and has demonstrated resilience in the face of challenges. However, investors looking for value or dividend income may need to consider other options.

Overall, Amazon.com Inc is seen as a company with strong potential for growth and a proven ability to adapt to changing market conditions. With high scores in growth, resilience, and momentum, the company is well positioned to continue its success in the online retail space. While the lower scores in value and dividends may give some investors pause, the overall outlook for Amazon.com Inc remains positive.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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