Amazon.com, Inc.’s stock price surges to $177.89, marking a bullish +2.63% leap

Amazon.com, Inc. (AMZN)

177.89 USD +4.56 (+2.63%) Volume: 39.75M

Amazon.com, Inc.’s stock price soars to 177.89 USD, marking a robust trading session increase of +2.63%, with a substantial trading volume of 39.75M. The tech giant’s shares have experienced a significant YTD surge of +17.08%, reinforcing its strong market performance.

Latest developments on Amazon.com, Inc.

Amazon.com Inc. stock has been making waves recently, with analysts highlighting the company’s dominant competitive position in e-commerce and AWS as reasons to be bullish. Despite a slight dip in stock price, predictions suggest that Amazon’s stock will soar in the next 5 years. Strong results in Q2 and a 95% return over the last five years have pleased investors. Recent developments include Amazon’s Project Kuiper moving forward and deals nearing to show NBA, NHL, and MLB games on Prime streaming. With acquisitions, new AI robotics talent, and expansions in AI-powered services, Amazon continues to innovate and expand its market presence.

Amazon.com, Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring the coverage of Amazon.com Inc, with insights from top independent analysts like Baptista Research and Uttkarsh Kohli. Baptista Research‘s report titled “Amazon.com Inc.: Expansion of AWS” highlighted the company’s strong financial results in the second quarter of 2024, showcasing growth and challenges in a complex global economic environment. On the other hand, Uttkarsh Kohli’s report “Amazon Q2 Earnings: Eyes on AWS Margins, Website Traffic, and Advancements in Chips” emphasized the expected 58.5% year-over-year growth in EPS driven by AWS expansion and other key factors, reaffirming buy ratings for Amazon with a strong average target price of $228.

Moreover, Joe Jasper’s analysis, “Remain Overweight Large-Cap Growth; Downgrading Materials to Underweight; Software Buys $MSTR $CRWD,” provided a bullish outlook on large-cap growth names like Amazon.com Inc, alongside other tech giants. With a focus on the company’s performance and growth prospects, these reports offer valuable insights for investors looking to understand Amazon’s position in the market and make informed investment decisions.

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, an online retailer known for offering a wide range of products, has received mixed scores in various factors according to Smartkarma Smart Scores. While the company scored well in terms of growth and resilience, with scores of 4 for both factors, it received lower scores in terms of value and dividend, scoring 2 and 1 respectively. The company’s momentum score stood at 3, indicating a moderate level of momentum. Overall, Amazon.com Inc‘s long-term outlook seems positive, particularly in terms of growth and resilience.

Amazon.com, Inc. is an online retailer that offers a wide range of products, including books, music, electronics, and more. The company’s Smartkarma Smart Scores indicate a strong outlook for growth and resilience, with scores of 4 for both factors. However, Amazon.com Inc scored lower in terms of value and dividend, with scores of 2 and 1 respectively. The company’s momentum score of 3 suggests a moderate level of momentum. Despite some lower scores in certain areas, Amazon.com Inc‘s overall outlook appears promising, especially in terms of growth and resilience.

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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