Amazon stock price today is 3,349.65 USD with a volume of 3,476,480. At the same time, its chart fluctuates between 3,281.15 USD – 3,351.00 USD. Amazon stock price was a maximum of 3,554.00 USD and a minimum of 2,503.35 USD within 52 weeks. Its average volume is 3,427,879 and it is ranked 1.689T in the MarketCap listings. The target point of Amazon stock price at the end of 1 year is 4,238.59 USD.
Brian Olsavsky, Executive Vice President of Finance, launched a conference on Amazon sales during the Restrictions and Covid-19 process. According to the statement, many businesses no longer want to manage their own technology infrastructure.
He also added, “Companies or organizations that partner with AWS see that they provide them with better cost, better talent, and better innovation speed. We think that this situation, which has developed in this direction during the pandemic process, will continue to increase during the post-pandemic recovery period.’’
Amazon was founded on July 5, 1994 by Jeff Bezos in his own garage. This platform, which was created for books, later started to serve for categories such as electronics, software, video games, clothing, furniture, food, toys and jewelry. In 2015, Amazon surpassed Walmart to become the largest retailer market in America. Amazon’s acquisition of Whole Foods Market for $13.4 billion in 2017 has made great progress as a physical parking lot.
Amazon is a company focused on e-commerce, cloud computing, digital streaming and artificial intelligence. Amazon which is one of the Big Five companies in the US information technology industry, is one of the world’s most influential economic and cultural powers.
Amazon has succeeded in surpassing many well-established industries with its technological innovation and mass scale. Amazon is the world’s largest, second-largest private employer by revenue, and one of the world’s most valuable companies.
Price Targets of Amazon
After the earnings report was released, analysts changed the Amazon stock price target from 4,500 to 4,125. Analyst Jason Helfstein said in a statement that data in Amazon’s first-quarter results reflect accelerating momentum across all segments. Amazon stock price target was increased from 4,200 to 4,400.
Wedbush analyst Michael Pachter set the Amazon stock price target from 4,000 to 4,300, arguing that Amazon should increase profitability by increasing spending more slowly than revenue.
Amazon’s earnings per share in the first quarter were $15.79 and earnings per share in prior years were $9.54, up 215%. Revenue rose 44% to $108.5 billion, beating forecasts. Amazon is expected to reach the $110 billion to $116 billion range, beating estimates of $108.5 billion.
Technical Analysis of Amazon Stock
Timing and accurate analysis in the stock market are very important to make a profit. In addition, making potentially bullish and low-risk investments helps you to insure yourself.
Amazon stock has an IBD Composite Rating of 67. This means that Amazon stock outperforms 67% of all other stocks. Despite this, Amazon’s Relative Strength Rating has a weak score (35). The rating is a scale that compares the 52-week rise and fall of one stock with other stocks. Stocks with a Relative Strength Rating of 80 points or higher will make more sense for investment.
The relative strength line compares the stock’s daily price performance to the S&P 500 listing, and Amazon’s relative strength line is shifting sideways. An upward Relative Strength Line means it outperforms the S&P 500.
Should You Buy Amazon Stock
Amazon stock is not yet available for purchase, but Amazon stock is in a long consolidation phase. It’s approaching the buy point of 3,552.35, which is a penny above the record high. Another buying point could be 3,434.10.
It is important that you know when to take your profit or when to stop any loss. It will also be very important to be able to correctly decide whether the current market is suitable for buying shares or whether to sell your stock.