How high will AMZN stock go?
Its Street-high target price of $230 implies an upside of 27.2% over the next 12 months. Analysts are overwhelmingly bullish on Amazon, and multiple brokerages listed it as a top pick for 2024. It has a consensus rating of “Strong Buy,” and is the highest-rated stock among the Magnificent 7.
If we apply the S&P 500's average price-to-earnings ratio (P/E) of 27 to this $70 billion in earnings, Amazon's stock would have a market cap of $1.89 trillion in 2025. This is slightly higher than the current $1.77 trillion valuation.
Average Price Target
Based on 41 Wall Street analysts offering 12 month price targets for Amazon in the last 3 months. The average price target is $209.74 with a high forecast of $230.00 and a low forecast of $175.00. The average price target represents a 15.90% change from the last price of $180.97.
| Year | Lowest price | Moderate price |
|---|---|---|
| 2024 | $237.33 | $253.94 |
| 2030 | $1,020 | $1,090 |
| 2040 | $4,880 | $5,225 |
Amazon Stock: Wall Street Projections For 2024
Now, Wall Street analysts are expecting further earnings growth for 2024. Consensus projections see Amazon's posting adjusted earnings of $4.17 per share for the December 2024 fiscal year, according to FactSet. That would mark a 44% increase from 2023.
If you compare the share price to the operating cash flow per share, the stock is still cheap relative to its long-term average. Investors can confidently add Amazon to their portfolios. And barring an unforeseen disaster, don't let go.
Future Outlook for Amazon Stock
It took seven and a half years for Amazon to reach $1,000 from $100 and it's very possible that it could hit $10,000 between 2023 and 2025. Amazon's potential to grow could continue over time.
Amazon Stock Forecast
The 45 analysts with 12-month price forecasts for Amazon stock have an average target of 183.44, with a low estimate of 116 and a high estimate of 230. The average target predicts an increase of 1.52% from the current stock price of 180.69.
According to our Amazon stock prediction for 2030, AMZN stock will be priced at $ 811.61 in 2030. This forecast is based on the stock's average growth over the past 10 years.
| Stock | 2024 return through March 31 |
|---|---|
| SoundHound AI Inc. (SOUN) | 177.8% |
| Vera Therapeutics Inc. (VERA) | 180.4% |
| Avidity Biosciences Inc. (RNA) | 182% |
| Arcutis Biotherapeutics Inc. (ARQT) | 206.8% |
Is Amazon a buy hold or sell?
Amazon currently has an average brokerage recommendation (ABR) of 1.11, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 46 brokerage firms. An ABR of 1.11 approximates between Strong Buy and Buy.
Amazon stock price stood at $180.38
According to the latest long-term forecast, Amazon price will hit $200 by the middle of 2024 and then $250 by the middle of 2025. Amazon will rise to $300 within the year of 2026, $350 in 2027, $400 in 2028, $500 in 2029 and $600 in 2032.
With that cash, Amazon can pay down debt, repurchase shares, or fund dividends. Those actions benefit shareholders and are the primary reasons for investing in Amazon's stock. Despite Amaozn's strength since the start of 2023 and so far in 2024, it's still a great buy right now.
AMZN boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Its bottom-line is projected to rise 40.7% year-over-year for 2024, while Wall Street anticipates its top line to improve by 11.6%.
After its shares tanked in 2022, Amazon (NASDAQ: AMZN), like many of its big tech peers, had a remarkable bounce-back year in 2023. And as we enter 2024, investors will find it very easy to be optimistic. The possibility of a stronger economic backdrop this year can drive better business results.
Analysts are projecting EPS to surge more than 30% YOY in FY24, and their cloud arm remains a leader in the AI race. Whether you are looking for a retail giant or a tech powerhouse, Amazon allows investors to get the best of both worlds. This makes them one of the most compelling stocks to buy in 2024.
- Amazon has become a juggernaut in e-commerce, streaming, and cloud computing.
- Hershey's classic brands have preserved its impressive market share over the years.
- Both stocks are cheap today, making them great buy-and-hold ideas to consider.
The all-time high Amazon stock closing price was 186.12 on July 08, 2021. The Amazon 52-week high stock price is 181.41, which is 0.9% above the current share price. The Amazon 52-week low stock price is 96.29, which is 46.4% below the current share price. The average Amazon stock price for the last 52 weeks is 137.60.
When you run out of stock, Amazon will automatically remove your listing, marking it as “inactive”. And when you don't have an active listing, you can't sell!
Amazon stock hit $2,000 per share for the first time Thursday.
What will AMZN be worth in 2040?
If Amazon stock were to follow the S&P's historical yearly growth rate of 11.13% until 2040, the stock would be priced at $1,076, or about 6x higher than its current price. Meanwhile, if it followed the average yearly performance of the QTEC index since 2006 (15.2%), AMZN stock would trade at a whopping $1,983.
Amazon price prediction key takeaways:
A more realistic projection, based on the historical yearly average of the S&P 500, suggests a price of $1,052 by 2040 and $3,023 by 2050 (which would be a +1,627% increase compared to current rates).
Jeffrey Bezos owns the most shares of Amazon (AMZN).
As of 2024-04-03, the Fair Value of Amazon.com Inc (AMZN) is 73.23 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 180.69 USD, the upside of Amazon.com Inc is -59.5%.
When did Amazon go public and at what price? Amazon went public on May 15, 1997, and the IPO price was $18.00, or $0.075 adjusted for the stocks splits that occurred on June 2, 1998 (2-for-1 split), January 5, 1999 (3-for-1 split), and September 1, 1999 (2-for-1 split), and June 3, 2022 (20-for-1 split).
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