"From 2014 to 2024, shares of Amazon surged by more than 1,025%, from $19.94 to $223.75. A considerable amount of that gain came between March 2020-coinciding with the arrival of the COVID-19 pandemic-and last year. From March 13, 2020, through the end of December 2024, the stock climbed from $89.25 per share to $134.50, a gain of 150.70%, as the company became the focal point for sourcing materials during lockdowns."
"Over the past decade, revenue increased from $89 billion to $638 billion, an astounding increase of more than 616%. At the same time, net income (profit) grew from −$0.241 billion to $59.2 billion, which translates to an incredible gain of 24,664.3%. The ride up was not always smooth, though. All those COVID-19 era sales being "pulled forward" led to challenges in 2022, and the company swung to a surprise loss."
Amazon went public in May 1997 at a split-adjusted price near seven cents and has grown into a linchpin of e-commerce and a Magnificent 7 member with the fifth-largest market capitalization. From 2014 to 2024 the stock rose over 1,025%, revenue expanded from $89 billion to $638 billion, and net income grew from −$0.241 billion to $59.2 billion. COVID-19 accelerated demand and produced sharp gains from March 2020, while pulled-forward sales contributed to 2022 challenges and a surprise loss. A 2030 price outlook weighs macroeconomic conditions, industry trends, growth metrics, and valuation measures such as P/E ratios.
Read at 24/7 Wall St.
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