Name of opportunity: 👀
Amazon.com Inc
One of the big 5 ✋
Amazon is one of the big 5 tech companies across the world, joined by the likes of Meta, Alphabet, Microsoft and Apple - as well as being one of the so-called ‘Magnificent 7’, a group of high-performing stocks that also includes Tesla and NVIDIA. Amazon is a growth stock as it reinvests profits to grow. Amazon has a high projected price-to-earnings ratio and revenue per share which suggests growth potential.
It’s no secret that this tech giant is in solid financial health, with high cash flow, impressive revenue, and a strong EBITDA. Over the past 6 months, Amazon’s stock price has gone up by 21.20% - is now the time to invest?
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Amazon.com Inc. might increase from $224.92 to $233.27 in the next 12 months. If you invested $1000, you might profit $37.14.
Amazon is generally seen as a strong stock to add to your portfolio due to its huge financial success. As this company generates high cash flow, it reassures investors who are looking for stability in the market. In its Q3 results, Amazon shared that its operating cashflow had increased 57% to $112.7 billion for the trailing twelve months.
Amazon’s stock price has increased in the past year, with it going up by 46.78% in the past 12 months. With analysts predicting more growth in the next 12 months, now might be a good time to invest.
With many consumers who celebrate Christmas using Amazon for their Christmas shopping, alongside the Boxing Day sales that take place on the website, this time of year may be fruitful for the company. If you’re looking for a strong single stock to add to your investment portfolio, Amazon might be a good choice currently.
Leading tech company 💻
Amazon is an American multinational technology company that is headquartered in Seattle, Washington, United States. Amazon is engaged in cloud computing, e-commerce, digital streaming, online advertising, and AI. Amazon offers a subscription service called ‘Amazon Prime’ and manufactures and sells various electronic devices, for example the Kindle.
Which neme?: 🔍
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