Is Amazon still growing?
With more than a million active customers, Amazon Web Services (AWS) is a leader in cloud computing.
Gartner estimates that the worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, and further reach 354.6 billion by 2022.
During 2019, AWS sales increased 37% vis-à-vis 2018.
What is the future outlook for Amazon?
Stock Price Forecast
The 44 analysts offering 12-month price forecasts for Amazon.com Inc have a median target of 2,404.00, with a high estimate of 2,788.00 and a low estimate of 1,850.00. The median estimate represents a +17.61% increase from the last price of 2,043.97.
Is Amazon still a good buy?
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.
What will Amazon buy next?
Amazon has diversified its acquisition portfolio into several market sectors, with its largest acquisition being the purchase of the grocery store chain Whole Foods Market for $13.7 billion on June 16, 2017.
|Acquired on||April 12, 1999|
|Acquired for (USD)||$300,000,000|
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