Amazon’s revenue grew 71.3% over 2016 to 2018 to $233 billion and is expected to increase 50% to nearly $350 billion by 2020.
Is Amazon a good investment 2019?
Here’s why you should buy Amazon stock now. Shares of e-commerce and cloud services giant Amazon.com (AMZN) are up another 24% so far in 2019. While it isn’t the blowout performance of years past, Amazon shares are once again outperforming the overall market and are now up a staggering 2,220% in the past decade.
What is Amazon stock projected for?
Stock Price Forecast
The 45 analysts offering 12-month price forecasts for Amazon.com Inc have a median target of 2,408.00, with a high estimate of 2,700.00 and a low estimate of 1,850.00. The median estimate represents a +43.70% increase from the last price of 1,675.69.
Will Amazon stock go up in 2020?
Now It’s a Best Idea for 2020 at Cowen. Amazon.com stock will rise due to the strong growth in its cloud-computing and advertising segments, according to Cowen. Amazon shares were up 0.8% to $1,782.71 on Tuesday. The analyst estimates Amazon’s ad sales will rise 36% year-over-year next year.
Will Amazon keep 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.
Is Amazon stock a good buy right now?
Amazon Stock Analysis
The IBD Stock Checkup Tool shows that Amazon stock currently has a strong IBD Composite Rating of 96 out of a best-possible 99. The rating means Amazon stock currently outperforms 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
What stocks are good buy?
Looking for market-beating stocks? These are some of the best companies to consider.
- The Vanguard Total Stock Market ETF (NYSEMKT:VTI)
- The Vanguard Total International Stock ETF (NASDAQ:VXUS)
- Amazon.com (NASDAQ:AMZN)
- Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL)
- Facebook (NASDAQ:FB)
- Intuitive Surgical (NASDAQ:ISRG)