The world famous stock of Amazon.com Inc. (NASDAQ-AMZN) is up 81% in 2023, but is still 19% lower than its historical lows. It just so happened that the stock fell close to this year’s New Year 2024, just below the $150 per share mark. However, the previous increase in the price of this NASDAQ-AMZN share last year in 2023 thus represents the steepest increase in the price of the AMZN share in the last 5 years without reaching the price maximum, which, thanks to the effects of the coronavirus pandemic, took place in 2021. Revenues of Amazon.com Inc. are diversified, and services now outpace sales of low-margin products, and Amazon.com Inc.’s business, according to economic reporters. is better than at any time in the company’s history.
Amazon.com, Inc. provides a range of products and services to customers. Products offered through its stores include goods and content it has purchased for resale and products offered by third-party sellers. It makes and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo and Ring, and develops and produces media content. It also offers subscription services such as Amazon Prime, a membership program. Its segments include North America, International and Amazon Web Services (AWS). The AWS segment consists of global sales of compute, storage, database and other services to startups, enterprises, government agencies and academic institutions. It provides advertising services to vendors, resellers, publishers, authors and others through programs such as sponsored ads, display and video advertising. Customers access its offerings through websites, mobile apps, Alexa, devices, streaming and physical visits to its stores
Shares of Amazon.com Inc. (NASDAQ-AMZN) closed its trading session on the first trading day of 2024 on the Wall Street on January 2nd, 2024, with a decrease from its previous price, which was $149.93 per share, with a decrease of -1.32% of the price. It is this decline, which, according to analysts, represents the potential profit of NASDAQ-AMZN share holders in the event of a renewed increase in the share price, reported by economic reporters in connection with analysts of brokerage companies. Amazon.com Inc. cut data budgets in 2023 due to recession fears, leading Amazon.com Inc. was so-called heating up as AWS growth slowed to middle age. The opposite could happen this year, 2024, as generative AI and freeing up budgets could cause AWS growth to accelerate again. If that happens, stocks are likely to start a major rally, these experts say. Thus, the current average target price of NASDAQ-AMZN stock by financial strategists has been set at $181.98 per share, which represents a +21.13 % increase in the price of this NASSAQ-AMZN stock. Subsequently, these experts set an extremely favorable price for the value of this NASDAQ-AMZN stock at $225.00 per share in the short to medium term investment horizon.