Amazon.com today
As of 10:34 AM Eastern
- 52-week range
- $149.91
▼
$233.00
- P/E ratio
- 46.80
- Price target
- $243.67
Shares of tech giants Amazon.com Inc NASDAQ: AMZN has long been a favorite of investors, providing More than 50% profit in 2024 alone and set several all-time highs along the way. While the past month has seen the stock take a breather, trade sideways and firm up, it is also building a solid support base to support the next phase of the rally.
As the range of trade is narrow, there are several reasons to think that a A breakout may be on the horizon. for For those of us looking to spice up our Q1 portfolioThis stock is worth a closer look. Let’s jump in and take a closer look at what’s creating excitement around Amazon. Going towards 2025.
Amazon beats expectations with record revenue growth
To begin withIt has to do Be noted how Tech titans Expectations shattered too much During the last year with Its earnings report. Last quarter, for example, saw it delivered A record income Print with a 56% jump in operating income, with strong performance across all its core segments. This kind of The momentum played a role in pushing the stock to its highs late last year.
Heading into its next earnings report at the end of January, Wall Street expectations remain high, and rightfully so. Investors should look for the stock to continue this momentum in the coming weeks Smart The money situation itself next to Another strong showing after a traditionally bumper holiday season.
Amazon continues to garner bullish analyst ratings
There’s also the fact that Amazon’s shares are garnering multiple bullish ratings On a regular basis For most of last year, that suggests a bright outlook for the company in 2025. Already this Months, two analyst teams have reiterated their confidence in the stock, boost Their price targets Significantly.
Amazon.com stock forecast today
$243.67
11.82% upbuy medium
Based on 44 analyst ratings
| High forecast | $290.00 |
|---|---|
| Average forecast | $243.67 |
| Less predictable | $186.00 |
Just this week, the team at Wedbush maintained their Outperform rating, raising their price target to $260. This Last week echoed the update from Wolf Research, which also maintained an outperform rating with Incremental price target of $270.
This Strengthens the argument that we can Looking soon On a breakout, given where Amazon shares closed on Thursday, this price target are calling For at least 20% additional growth in the near term. What’s particularly impressive is that these latest updates coincide with a broader trend of analyst optimism that stretches through December and all of 2024.
The importance of Amazon’s upcoming earnings report
That said, no stock is without risks. With a price-to-earnings (PE) ratio of 48, Amazon’s valuation may appear inflated and a little Conflict for some investors. To justify this assessment, the company will be required Provide an excellent earnings report at the end of the month.
Any signs of slowing revenue growth or tightening margins could spook the market, especially against background of A broad pause in equity markets as the Federal Reserve adjusts its rate policy. However, for long-term investors, We are ready to say that These concerns are very heavy The stock’s reputation for reaching record highs and through the company’s track record.
Why Amazon’s stock may be entering blue-sky territory
The technical setup also supports the theory that Amazon is ready For a breakout in the coming weeks. The stock’s RSI (Relative Strength Index) currently sits at 51, which indicates that the bulls are in control of the momentum, albeit not by a large amount, but more importantly, by a lot to the stock. there is a place If the stock and the broader market can continue to tick higher through the rest of January, Amazon shares should be in a strong position to move into blue-sky territory with its next earnings report.
As we look ahead, Amazon’s combination of strong fundamentals, bullish analyst sentiment, and excellent technical indicators make it an interesting prospect for 2025. With a solid catalyst on the horizon in the form of its upcoming earnings report, this is a stock worth watching. closely
Before you consider Amazon.com, you may want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified Five stocks That top analysts are quietly telling their clients to buy now before the broader market hits… and Amazon.com wasn’t on the list.
While Amazon.com currently has a “medium buy” rating among analysts, top analysts believe these five stocks are better buys.
Wondering if you’ll finally be able to invest in SpaceX, Starlink, or The Boring Company? Click the link below to know when Elon Musk will finally IPO these companies.
