Shares of $AMZN
Amazon.com Inc. is a global leader in e-commerce, cloud computing, digital streaming and artificial intelligence. Founded by Jeff Bezos in 1994, the company began as an online bookstore. It has since expanded into a wide range of products and services, including Amazon Web Services (AWS), a major player in the cloud computing market. The company also makes consumer electronics such as Kindle readers, Fire tablets and Echo devices, and offers an Amazon Prime subscription service that provides members with benefits such as free delivery and access to streaming media.
Currently, Amazon shares are trading at around $186.5. The stock has performed well since the beginning of the year, with a total return of around
24 %.
Analysts generally have a positive outlook on Amazon, with many rating it a strong buy and setting price targets above the current trading price. The average price target is around $223.
Personally, I'm considering buying Amazon stock, but when the price falls below $175 or lower. I have a few shares already bought at $165.
Do you have shares of the company $AMZN or other competitors in the industry?
Great company and one of the best in the industry, but I've never really cared much for their stock. If the price were to drop, though, I'd be more interested in Amazon
I don't have their shares in my portfolio yet, but I would like to buy them. The price may be high according to others, but in the long run the stock is not that overvalued.
Super company and just the best at what they do just the price is pretty high.
It's one of the best companies, but the stock is pretty overvalued right now, so I'll wait to buy.
I would recommend everyone who mentions the "high" price here to look at where it was about 2-4 years ago and how their revenues/profits/margins have increased since then. On a P/CF basis they are about -30% below their 5y average, EPS growth is estimated at +20%
Amazon is a great company, they are thriving and constantly innovating. I would love to include their stock in my portfolio, but unfortunately the price is high right now. If the stock drops below $172, I would buy.
Amazon is great. It's expensive to buy at the moment, but it definitely makes sense for your next hold.