Amzn forecast

**Amazon.com (AMZN) exhibits a mixed forecast with a slight decline in stock price and robust growth indicators.** Here's a detailed analysis: 1. **Stock Price Movement**: Amazon's stock (AMZN) experienced a slight decline, with a percentage change of -0.32% and a closing price of $182.55 on July 22, 2024. This indicates a temporary setback in stock value, which, however, is within the realm of market fluctuations. 2. **Financial Growth**: The company's financial performance is robust, with a year-on-year total revenue growth rate of 12.53% and a net income growth rate of 228.85% as of March 31, 2024. These figures suggest strong business expansion and profitability. |Ticker|Name|Total Revenue year-on-year growth rate|Net Income year-on-year growth rate|Date|code|market_code| |---|---|---|---|---|---|---| |AMZN.O|Amazon.com|12.527677884388888|228.84615384615384|20240331|AMZN|185| 3. **Analyst Outlook**: The consensus rating for Amazon is a "Strong Buy" with an average price target of $220.24, which is higher than the current closing price. This suggests that analysts are optimistic about the stock's future performance. 4. **Industry Position**: Amazon operates in the Consumer Discretionary sector, specifically in the Broadline Retail industry. This position indicates a strong market presence and the potential for continued growth in a sector that is typically resilient to economic downturns. 5. **Forecast Technology**: Amazon utilizes the Amazon Forecast, a fully managed time-series forecasting service based on machine learning, to optimize inventory, reduce waste, and improve capital utilization. This advanced forecasting technology can provide up to 50% more accurate predictions compared to traditional time series analysis. 6. **Market Performance**: Amazon has been a top-ranked growth stock, with a Zacks Rank of #1 (Strong Buy) and has outperformed the sector and the market in terms of year-to-date returns. This indicates strong market confidence and positive momentum. 7. **Profitability and Innovation**: Amazon has been identified as one of the most profitable stocks over the last 20 years, with a 20-year annualized return of 23.84%. The company's profitability and continued investment in AI and other innovative technologies position it well for future growth. In conclusion, while Amazon's stock price has seen a minor dip, the company's strong financial growth, positive analyst ratings, and strategic industry positioning suggest a favorable outlook. Investors should consider these factors when evaluating Amazon's future performance.