Amazon.com today
As of 04:00 PM ET
- 52 week range
- $149.91
▼
$233.00
- P/E ratio
- 46.88
- Price target
- $243.67
Shares of the technology giant Amazon.com Inc Nasdaq: AMZN They have long been a favorite of investors, and provide… More than 50% of gains in 2024 alone and achieving several all-time highs along the way. While the past month has seen the stock take a breather, trade sideways and consolidate, it is also forming a strong support base to support the next leg of the rally.
As the trading range narrows, there are several reasons to think I A breakout may be on the horizon. to Those of us looking to optimize our portfolios in the first quarterThis stock is worth watching closely. Let’s move on and take a closer look at what’s so exciting about Amazon Heading to 2025.
Amazon shatters expectations with record revenue growth
To start withIt is a must It should be noted how Tech giant Shattered expectations Pretty much Throughout the past year with Its earnings reports. For example, the last quarter saw its delivery Record revenues Print combined with a 56% jump in operating income, with strong performance across all its key segments. this Kind of Momentum was instrumental in pushing the stock to its highest levels late last year.
Heading into the next earnings report at the end of January, Wall Street’s expectations remain high, and deservedly so. Investors should look for the stock to continue building on this momentum in the coming weeks tasty Money sets itself up advance Another strong performance after a traditionally busy offseason.
Amazon continues to collect bullish analyst ratings
There’s also the fact that Amazon stock has amassed multiple bullish ratings On a regular basis For most of the past year, indicating a bright outlook for the company in 2025. Indeed this During the month, two teams of analysts confirmed their confidence in the stock, which strengthened Their price targets Significantly.
Amazon.com stock forecast today
$243.67
10.93% upModerate purchase
Based on 44 analyst ratings
| High expectations | $290.00 |
|---|---|
| Average expectations | $243.67 |
| Low expectations | $186.00 |
Amazon.com stock forecast details
This week alone, the team at Wedbush maintained an Outperform rating while raising the price target to $260. this It echoed the update from Wolfe Research last week, which also maintained an Outperform rating along with Enhanced target price of $270.
this Strengthens the argument that we can Soon you will be searching On a breakout, given where Amazon shares closed on Thursday, these prices are on target They call To achieve an additional rise of at least 20% in the near term. What’s particularly impressive is that these latest updates fit into a broader trend of analyst optimism extending through December and all of 2024.
The importance of Amazon’s upcoming earnings report
However, no stock is risk-free. With a price-to-earnings (PE) ratio of 48, Amazon’s valuation may seem stretched and… a little Frothing for some investors. To justify this assessment, the company You will need to Deliver an excellent earnings report at the end of the month.
Any signs of slowing revenue growth or tightening margins could alarm the market, especially against it background Wider pause in stock markets as Fed adjusts interest rate policy. However, for long-term investors, We tend to say that These concerns greatly outperform Through the company’s record and the stock’s reputation, it has risen to record levels.
Why Amazon stock could enter blue sky territory
The technical setup also supports the theory that Amazon ready To break through in the coming weeks. The stock’s Relative Strength Index (RSI) currently stands at 51, indicating that the bulls are controlling the momentum, although not by a massive amount, but more importantly, the stock has plenty of room to run. If the stock and the broader market can continue to rise through the rest of January, Amazon shares should be in a strong position to launch into blue-sky territory with its next earnings report.
As we look to the future, Amazon’s combination of strong fundamentals, bullish analyst sentiment, and promising technical indicators make it an exciting prospect for 2025. And with a strong catalyst on the horizon in the form of its upcoming earnings report, this stock is one to watch. closely.
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