Is Amazon a good stock to buy 2020?
3, 2020, at 3:17 p.m.
Amazon staying strong.
Amazon’s stock price gained more than 7% on better-than-expected sales and cloud revenue.
Earnings per share were particularly strong, exceeding consensus analyst estimates by more than 60%.
What will Amazon stock be worth in 2020?
Deriving Amazon’s Net Income: Net Income increased from $2.4 billion in 2016 to $11.6 billion in 2019 and is expected to be around $13.4 billion in 2020.
Is Amazon still a good investment?
Amazon stock remains a good buy, as we’ll get to. However, there are two caveats: Only investors who are long-term focused should consider buying shares. Investors should build their full position by dollar-cost averaging — investing the same dollar amount at some set time interval, such as quarterly.
Is Amazon stock too high to buy?
With its high valuation, Amazon is still vulnerable to a pullback, especially if the broader market slides, but at an all-time high following a blowout earnings report, the stock still looks like a buy.