"Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 290,700% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the five-largest market cap of any publicly traded company. However, for investors, what matters most now is how the stock performs going forward. Let's crunch the numbers on a 2030 price prediction for Amazon. Of course, no one has a crystal ball. But based on the macroeconomic environment, industry trends, Amazon's growth metrics, and other factors such as price-to-earnings (P/E) ratios, 24/7 Wall St. can make cases for bulls, bears, and a baseline."
"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's IPO in May 1997 had a split-adjusted price of seven cents per share and the stock has since gained over 290,700%, becoming central to e-commerce and one of the largest public companies by market capitalization. From 2014 to 2024, shares increased more than 1,025%, with a notable surge during March 2020–2024 as the company became a sourcing focal point during COVID-19 lockdowns. Revenue rose from $89 billion to $638 billion, an increase over 616%, while net income expanded from −$0.241 billion to $59.2 billion, a gain of 24,664.3%. COVID-era pulled-forward sales created 2022 challenges and a surprise loss. Future price projections to 2030 consider macroeconomic conditions, industry trends, valuation metrics like P/E ratios, and scenarios for bullish, bearish, and baseline outcomes.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]