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Amazon (AMZN) stock forecast for 2024
Updated: April 15, 2024 (11:41)
Sector: Consumer cyclicalThe share price of Amazon.com, Inc. (AMZN) now
50/200 Day Moving Average: $176.67 / $148.97
This figure corresponds to the Average Price over the previous 50/200 days. For Amazon stocks, the 50-day moving average is the resistance level today.
For Amazon stocks, the 200-day moving average is the resistance level today.
Are you interested in Amazon.com, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Amazon stock price in 2024. How much will one Amazon share be worth in 2024? Is it worth taking profit / loss on AMZN stock now or waiting? What are analysts' forecasts for Amazon stock?
We forecast Amazon stock performance using neural networks based on historical data on AMZN stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Amazon.com, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Amazon analysts is $209.59. Today 200 Day Moving Average is the support level (148.97 $). 50 Day Moving Average is the support level (176.67 $).
Historical and forecast chart of Amazon.com, Inc. stock
The chart below shows the historical price of Amazon stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the AMZN stock price can be found in the table below.
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AMZN Stock Forecast 2024: A Path to Peak Valuation?
As investors peer into the future of Amazon.com, Inc. (AMZN), the question of “is Amazon a good stock to buy” springs eternal. With the company’s stock nearly doubling in value from its 2022 lows but still shy of its July 2021 peak, assessing the AMZN stock forecast for 2025, with a keen eye on 2024, requires a deep dive into the factors at play.
The Catalysts Shaping Amazon’s Stock Trajectory
The accuracy in predicting AMZN stocks significantly hinges on various moving parts, including macroeconomic conditions, consumer behavior, and Amazon’s strategic moves. Notably, the company’s increased focus on high-margin ad and AWS sales, alongside efficiencies gained from e-commerce regionalization, paint a promising picture. But, “is Amazon stock a buy” right now, and “should I buy Amazon stock” are questions that demand examination of the imminent events in 2024 expected to sway the stock’s trajectory.
Several factors are poised to influence AMZN stocks in 2024. Firstly, the continued margin expansion efforts, particularly through growing ad sales and the ramp-up of its regionalization fulfillment strategy, are expected to bolster bottom-line contributions. Secondly, the adoption and utilization of AI solutions within AWS’ ecosystem present a compelling competitive advantage.
Moreover, the clash between macroeconomic uncertainties and Amazon’s sensitivity to the consumer end-market persists as a crucial overhang. However, the incremental strengths demonstrated by Amazon, including its ad sales strategy and e-commerce value proposition, offer robust counterweights.
Given these dynamics, the question of “is AMZN a buy” and “AMZN stock prediction” leans towards a cautiously optimistic outlook. While pinpointing the exact rate change remains a complex endeavor, the amalgamation of strategic initiatives and inherent strengths underscores a potential for incremental upside in 2024, positioning Amazon to perhaps recapture and even surpass its peak valuation amid the Magnificent Seven peers.
Amazon (AMZN) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 210.42 | 185.49 | 219.89 | 15.65 % |
| Jun | 202.53 | 190.68 | 212.55 | 10.29 % |
| Jul | 189.77 | 167.85 | 200.87 | 16.44 % |
| Aug | 177.53 | 159.16 | 198.03 | 19.63 % |
| Sep | 172.74 | 158.49 | 181.29 | 12.58 % |
| Oct | 186.73 | 165.44 | 199.89 | 17.23 % |
| Nov | 204.09 | 185.11 | 222.16 | 16.67 % |
| Dec | 198.58 | 182.20 | 214.37 | 15.01 % |
Amazon information and performance
410 TERRY AVENUE NORTH, SEATTLE, WA, US
Market capitalization of the Amazon.com, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of AMZN shares in the company outstanding by the market price of one share.
EBITDA of Amazon is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Amazon price target for 2024 by month
Target values for the price of one Amazon share for May 2024.
In May, the Positive dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 15.646% volatility is expected.
Pessimistic target level: 185.49
Optimistic target level: 219.89
Target values for the price of one Amazon share for Jun 2024.
In Jun, the Negative dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 10.291% volatility is expected.
Pessimistic target level: 190.68
Optimistic target level: 212.55
Target values for the price of one Amazon share for Jul 2024.
In Jul, the Negative dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 16.438% volatility is expected.
Pessimistic target level: 167.85
Optimistic target level: 200.87
Target values for the price of one Amazon share for Aug 2024.
In Aug, the Negative dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 19.632% volatility is expected.
Pessimistic target level: 159.16
Optimistic target level: 198.03
Target values for the price of one Amazon share for Sep 2024.
In Sep, the Negative dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 12.577% volatility is expected.
Pessimistic target level: 158.49
Optimistic target level: 181.29
Target values for the price of one Amazon share for Oct 2024.
In Oct, the Positive dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 17.235% volatility is expected.
Pessimistic target level: 165.44
Optimistic target level: 199.89
Target values for the price of one Amazon share for Nov 2024.
In Nov, the Positive dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 16.674% volatility is expected.
Pessimistic target level: 185.11
Optimistic target level: 222.16
Target values for the price of one Amazon share for Dec 2024.
In Dec, the Negative dynamics for Amazon.com, Inc. shares will prevail with possible monthly volatility of 15.007% volatility is expected.
Pessimistic target level: 182.20
Optimistic target level: 214.37
