Is Amazon stock a good buy?

According to 38 stock analysts, the average 12-month stock price forecast for Amazon stock is $146.61, which predicts an increase of 38.71%. The lowest target is 111 and the highest is 270. On average, analysts rate Amazon stock as a strong buy. The average analyst rating for Amazon stock from 38 stock analysts is "Strong Buy".

Is Amazon (AMZN) a good stock to buy in 2023?

In its first-quarter earnings announcement last week, Amazon ( AMZN 1.21%) delivered a better-than-expected revenue number. The stock fell after the report came out, but then it rebounded. As of June 2, it has increased by 45% in 2023.

Does Amazon stock have a 50% upside next year?

Here’s how it works. Wall Street believes that strong fundamentals, increased profitability and a deeply discounted valuation give Amazon stock 50% upside next year. Amazon.com ( AMZN) stock has had a terrible 2022, but Wall Street says the e-commerce and cloud-computing giant is positioned for outsized returns next year.

Why are Amazon shares down 34% from their 2021 all-time high?

As of this writing, Amazon shares are down 34% from their 2021 all-time high. A multitude of factors, ranging from higher interest rates, softer macro conditions, and a general shift away from tech stocks, have certainly helped drive Amazon's stock price lower.