Name of opportunity: 👀
Amazon.com Inc
Q3 data incoming: 📊
Amazon will be releasing its third-quarter earnings statement on Thursday this week, and in anticipation, the stock price has risen by 0.88% today alone. Amazon is the topic of a great deal of discussion right now, with analysts sharing their tips on whether the stock is a ‘Buy’ or not.
Analysts believe that Amazon is in a good place financially. In Q2 the massive company shared that revenue was up 10% year on year.
How hot is this investment opportunity? 🔥🔥🔥
Check out Amazon's current, previous and predicted stock performance on the Nemo app. Right now, analysts predict the price of Amazon.com might increase from $189.53 to $223.60 in the next 12 months. If you invested $1000, you might profit $179.27.
Amazon stock might increase if a number of metrics that analysts are looking for in the Q3 results are met. In August, the Q2 earnings shared the company’s highest EPS figure in three years, so this will be a key metric that will be closely watched to see if Amazon has maintained a good earnings per share ratio.
Amazon Web Services, the company’s cloud computing platform, has been successful and revenue in this area increased by 19% in Q2. Cloud computing is popular among companies who want to carry out intensive tasks involving AI technology, without having to invest in more powerful hardware themselves. Amazon Web Services is currently estimated to have a 31% of the cloud computing market.
In the short term, Amazon stock has historically gone up in value slightly after Black Friday. This year the Black Friday sales will take place from 29 November to 2 December at many retailers, attracting a big boost in consumer spending.
Web giant: 🌐
Amazon.com, Inc. provides a range of products and services to customers including products from third-party sellers. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and it develops and produces media content. It also offers subscription services such as Amazon Prime. Its segments include North America, International and Amazon Web Services (AWS). The AWS segment consists of global sales of compute, storage, database, and other services including cloud computing and developer tools, for start-ups, enterprises, government agencies, and academic institutions. It was originally founded in 1994 as an online marketplace for books, and quickly expanded to become one of the biggest global e-commerce destinations.
Which neme?: 🔍
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