What Is Amazon Stock Price?

Amazon stock is listed on the NASDAQ stock exchange, which is the second biggest stock exchange in the world. The shares trade under the ticker NASDAQ: AMZN. The current Amazon stock price is $145. This puts the company at a market capitalization of $1.38 Trillion. This makes it the fourth biggest company in the world.

Amazon Gets Sued By FTC For Price Inflation

In one of the most recent developments, the Federal Trade Commission (FTC) filed a lawsuit against Amazon on 26 September 2023. According to the regulator, the pioneering e-commerce platform allegedly leveraged its monopoly to inflate the prices of several products. Amazon stock price has been experiencing increased selling pressure since the news.

Amazon Stock Price History

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Amazon Stock Latest News

The ongoing hawkish stance of the US Federal Reserve may change as inflation is cooling down in the United States. According to the recently released October 2023 CPI data, the YoY inflation came at 3.2%. This was slightly lower than the market forecast of 3.3% and resulted in a strong surge in US equities, including Amazon shares.

Amazon Share Price Technical Analysis

NASDAQ: AMZN chart shows that the price has broken above the $146 resistance level, but bulls are struggling to gain momentum. There also seems to be a rejection from the 0.618 fib retracement level which lies just a few points above this resistance level.

Amazon Stock Prediction 2025

Despite a decrease in inflation in the past few months, it is quite unlikely that it will come below 2% anytime soon. Therefore, analysts are expecting a recession in the second half of 2023. This may send the tech stocks to their fresh lows. A possible bottom for Amazon stock could be the December low of $65. Hence Amazon stock prediction 2025 of $65-$100 seems quite logical.

Amazon Stock Prediction 2030

To be honest, Amazon stock prediction 2030 is anybody's guess. Nobody knows how the ongoing Ukraine conflict could've ended by then. The ongoing power struggle between US and China could've further intensified by then. Nevertheless, if Amazon keeps innovating and maintains a strong global footprint, we may see the stock hitting news all-time highs before 2030.

Amazon Stock Prediction 2040

To predict the price action of any stock for 2040 is really a shot in the dark. By that time, we might have seen a lot of innovations in the realms of artificial intelligence, blockchain, and metaverse. If Amazon keeps itself at the cutting edge of these growing fields, it can maintain its stronghold in the tech world by 2040.

Is Amazon A Good Investment?

Amazon stock price is currently 38% down from its 2021 all-time high. Considering the hawkish Fed policies and high interest rates. The stock seems to be overvalued at the moment. It seems pretty logical to wait for a Fed pivot or another major pullback in US equities before buying any tech stocks right now. However, from a long-term perspective of 3-5 years, the stock still seems to be a good investment.

How To Buy Amazon Shares?

You can buy Amazon shares from any reliable online broker. These brokers provide different investment products to gain exposure to Amazon stock from the comfort of your home. You just need to go to a physical stock exchange to buy the shares. Robinhood, Exness, TD Ameritrade, Fidelity, and Interactive Brokers are some of the most popular online brokers.

Is Amazon Stock A Good Buy?

While Amazon stock prediction is not bullish for the coming months, the stock can still perform great in the coming years. Therefore, one must decide the timeframe of investment in Amazon shares before buying.

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Q: Amazon Stock Prediction 2023

The strong earnings report in the first quarter of 2023 has triggered a strong rally in tech shares. Nevertheless, my Amazon stock prediction is not that bullish for the rest of 2023. This is due to the deteriorating macroeconomic conditions and the banking concerns in the US.