Amazon (NASDAQ: AMZN) stock price action is very difficult to predict in the current economic conditions. Amazon is one of the biggest and pioneering internet tech companies in the world. The tech giant was founded in 1994 by Jeff Bezos as Cadabra, Inc in Washington. Over the past three decades, the company has evolved from a garage-run business to one of the most valuable companies in the world. Let’s take a shot at Amazon stock prediction in the next few years.
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 $117. This puts the company at a market capitalization of $1.2 Trillion. This makes it the fourth biggest company in the world.
Amazon Stock Latest News
According to the most recent Amazon stock news, it intends to invest $12.7 billion in its cloud business in India by 2030. The company already has two data centers in Mumbai and Hyderabad. The investment will develop the cloud infrastructure in one of the biggest markets in the world.
Amazon Stock Chart
Amazon stock price chart is currently trading at its highest level in the last seven months. The positive price action in the past few weeks can be attributed to the strong earnings in the first quarter of 2023. The latest earnings report showed that the company’s earnings and revenue both beat the market expectations by a huge margin.
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Amazon Share Price Prediction Today
Amazon share price appears to be gaining strength with each passing day. The stock may soon retest the $121 level, which is also the 0.618 fib retracement level. The stock is currently trading at its highest level of the year.
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.
The hawkish Federal Reserve’s policies will keep the price in check. I expect the price to have a major pullback from the $135-$147 range. This region comes from the confluence of a key fib retracement zone with a powerful swing high.
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.
Nevertheless, many innovative companies which are currently nowhere close to Amazon may give it a run for their money in the coming years. Therefore, it is very risky to bet on any business considering such a broad time horizon.
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 o$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.
Conclusion:
Amazon stock price appears to be very hot right now due to strong earnings and revenue in the first quarter of 2023. However, the deteriorating US economy may trigger another pullback soon. Furthermore, the upcoming decisions of the US Federal Reserve will also keep the equity prices in check during the rest of the year. As it is with any other stock, you need to determine the objectives and the time frame for your investment before buying.