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2021/2022 Training Classes

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Silas Mitchell
Silas Mitchell

Amazon Stock Buy Now

Whether you want to use your money to make a major purchase or to invest in another company, there will come a time when you want to sell your shares of AMZN stock. To do so, simply enter your brokerage or investment app trading platform, type in the ticker symbol and select the amount you want to sell.

amazon stock buy now

For example, if a stock is trading at $180 per share, and the company offers a two-for-one stock split, a shareholder currently holding a single share at $180, following the split, would now hold two shares valued at $90 each.

Choosing to buy a single share of Amazon depends on your own portfolio needs, risk tolerance and budget. Amazon is not as expensive as it once was, but as a leading tech company, the stock can still be prone to price swings dependant upon external factors.

Since going public on May 15, 1997, Amazon stock has split four times. The company issued a 20-for-one stock split on June 6, 2020, a two-for-one split on September 2, 1999, a three-for-one split on January 5, 1999 and a two-for-one split on June 2, 1998. (AMZN (opens in new tab)) stock has had a terrible 2022, but Wall Street says the e-commerce and cloud-computing (opens in new tab) giant is positioned for outsized returns next year.

J.P. Morgan analyst Doug Anmuth reminded clients of that fact on Monday, calling Amazon stock one of the research firm's best ideas for 2023. The analyst reiterated his Overweight (the equivalent of Buy) recommendation on AMZN stock, as well as his price target of $145.

Of the 52 analysts issuing opinions on AMZN stock tracked by S&P Global Market Intelligence, 34 call it a Strong Buy, 15 say Buy, two have it at Hold and one calls it a Sell. That works out to a consensus recommendation of Strong Buy, which is a fairly rare honor on the Street. Only 24 stocks in the S&P 500 receive a consensus recommendation of Strong Buy (opens in new tab), per S&P Global Market Intelligence.

In other words, if you buy Amazon stock at current levels, you're getting the retail business essentially for free. True, AWS and Amazon's advertising services business are the company's shining stars, generating outsized growth rates. But retail still accounts for more than half of the company's total sales.

More basic valuation metrics tell much the same story with Amazon stock. Shares change hands at 54 times analysts' 2023 earnings per share (EPS) estimate, according to data from S&P Global Market Intelligence. And yet AMZN stock has traded at an average forward P/E of 75 over the past five years.

Paying 30-times expected earnings might not sound like a bargain on the face of it. But then few companies are forecast to generate average annual EPS growth of more than 30% over the next three to five years. Amazon is. Combine those two estimates, and Amazon stock offers far better value than the broader market.

No, the company's problems won't fade away overnight. But the selloff in Amazon stock does give patient investors (opens in new tab) a chance to buy a top-rated name at a deeply discounted price, bulls contend.

"Amazon likely faces a few challenging quarters, but continues to have a strong portfolio of assets," writes Argus Research analyst Jim Kelleher, who rates shares at Buy. "We believe that the lagging performance provides an opportunity to establish or dollar-cost-average into positions in AMZN stock, which remains the undisputed category leader."

In 2022, the Amazon (AMZN) stock price dropped by nearly 50% as markets shrunk and fears of a global recession grew. So far in 2023, the e-commerce giant has announced plans to make more than 25,000 members of staff redundant in two rounds of savage cuts.

Amazon stock is currently trading at the same level it enjoyed in the spring of 2020, when markets across the board fell as governments across the world put in lockdowns in response to the Covid-19 pandemic.

Although the stock enjoyed a bull run in 2021, reaching a record $188.65 intraday high on 13 July that year, 2022 was very different, with the war in Ukraine, soaring inflation and aggressive monetary tightening seeing AMZN drop from $167.55 at the start of the year to $84 at the end.

Following the first redundancies announcement, AMZN stock went on something of a bull run, reaching an intraday high of $99.32 on 18 January. At the end of the month, the stock price broke past $100 for the first time since November, reaching an intraday high of $114 on 2 February. Since then, the Amazon stock news has seen the share price go on something of a decline and, on 23 March, it closed the day at $98.71.

The stock price has not recovered with the US Federal Reserve (Fed) bringing interest rates to 4.25%-4.5% at the December meeting. The aggressive monetary tightening coupled with the war in Ukraine has turned global investor sentiment sour, raising concerns about the US recession.

Operating income dropped to $2.7bn, compared to $3.5bn in the last three months of 2021, while net income dropped to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared to $14.3 billion, or $1.39 per diluted share the previous year. The net income included a pre-tax valuation loss of $2.3 billion from non-operating income from the common stock investment in Rivian Automotive, compared to a pre-tax valuation gain of $11.8 billion from the investment in fourth quarter 2021

According to data compiled by TipRanks on 24 March 2023, the consensus analyst forecast for Amazon stock price was bullish. A total of 37 out of 38 analysts rated the stock as a buy, while one gave it a hold rating. The consensus AMZN stock forecast for the next 12 months stood at $136.86 a share. Meanwhile, the highest Amazon stock forecast for 2024 was $192, with the lowest at $106.

Among the algorithm-based forecasting services, Gov Capital was holding a bearish short-term Amazon stock predictions stock based on an analysis of multiple technical indicators as of 24 March. The website anticipated the stock to trade at $123.029 at the end of December 2023. Their Amazon stock forecast for 2025 was more bullish, expecting shares to be valued at $402.355 by the end of the first quarter, closing the year at $410.092.

According to data compiled by TipRanks as of 24 March, the consensus analyst forecast for Amazon stock price was bullish. A total of 37 out of 38 analysts rated the stock as a buy, while one gave it a hold rating. However, remember that analyst views can be wrong and only you can decide whether Amazon stock is a suitable investment for you. Keep in mind that past performance does not guarantee future returns. And never trade more money than you can afford to lose.

As of March 24, the consensus AMZN stock forecast for the next 12 months stood at $145.87, according to the analyst views compiled by MarketBeat. Meanwhile, the highest Amazon stock forecast for 2023 was $270 while the lowest stood at $106. However, you should remember, that analyst Amazon stock projections can be wrong and should not be used as a substitute for your own due diligence.

Amazon stock last closed at $103.29, up 1.26% from the previous day, and has decreased 36.63% in one year. It has underperformed other stocks in the Internet Retail industry by 0.23 percentage points. Amazon stock is currently +26.85% from its 52-week low of $81.43, and -38.66% from its 52-week high of $168.39.

As pointed out in my previous note, Amazon's stock held multi-year support at $80 and bounced off this level. After a sharp 16%+ YTD bounce, Amazon looks primed to re-test the $100-$105 range in the coming weeks. If the stock fails to break this level, I would expect it to remain rangebound in the $80-$100 range.

Amazon (NASDAQ:AMZN) stock slipped below $100 in after-hours (down 12.73%) on Thursday. The slump followed disappointment on multiple fronts, including weaker-than-expected Q3 revenues, the slowdown in the cloud business, and lower-than-expected Q4 guidance. However, this decline presents an excellent buying opportunity.

Amazon, without a doubt, is a solid long-term stock. However, macro and currency headwinds could remain a drag in the short term. Given the short-term challenges, AMZN stock has a Neutral Smart Score of seven out of 10 on TipRanks.

Amazon announced its first stock split since the dot-com boom, telling investors on Wednesday that they'll receive 20 shares for each share they currently own. The stock soared 6% in extended trading.

Andy Jassy, Amazon's CEO, has faced a rough start to his tenure, which began in July. The stock was the worst performer among Big Tech companies last year and has dropped 16% so far in 2022, joining a decline across the sector. Amazon just reported its slowest rate of growth for any quarter since 2001 and, according to a recent Wall Street Journal report, billionaire activist investor Dan Loeb, who's been adding to his Amazon holdings, told investors on a private call that he sees about $1 trillion in untapped value at the company.

Last month, Amazon boosted its maximum base salary for corporate workers to $350,000, up from $160,000, as it contends with an increasingly competitive labor market. Historically, Amazon has relied on generous stock awards to attract talent, but the shares underperformed in 2021, and employees have pressured the company to make changes.

This is Amazon's fourth stock split since its IPO in 1997, and its first since 1999, when the company was a fraction of its current size. It also split on a 2-for-1 basis on June 2, 1998; a 3-for-1 basis on Jan. 5, 1999; and a 2-for-1 basis on Sept. 2, 1999. 041b061a72


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