One of the biggest companies in the world, Amazon.com Inc. (AMZN), is a pioneer in cloud computing and e-commerce worldwide. The business runs an online store with a huge selection of goods, mostly from other retailers, including toys, electronics, clothing, furniture, and food. It also provides streaming services for music and movies. A wide range of clients’ web applications is hosted on Amazon’s cloud services platform.
What is Amazon Stock (AMZN)?
When it was first established in 1994, Amazon was a web-based bookshop. However, Amazon’s founder and former CEO, Jeff Bezos, had bigger plans for the company than just being an online retailer. Bezos viewed Amazon as a technological business with a competitive edge in streamlining consumer internet transactions. Shares of Amazon were listed on the market following an initial public offering (IPO) in May 1997.
Seattle has traditionally served as Amazon’s main headquarters. In Arlington, Virginia, it disclosed plans for a “second headquarters” that will open in 2023. Since Bezos’s retirement in 2021, Andy Jassy has served as the company’s CEO.
Bezos is still serving in that position. For investment purposes, Amazon is categorized among consumer discretionary stocks; but in acknowledgment of Amazon Web Services (AWS) position as a top cloud computing provider, it is also included in several mutual and exchange-traded funds focusing on the technology sector.
The company’s main opponents are traditional retailers like Walmart Inc. (WMT), eBay Inc. (EBAY), an e-commerce platform provider, and Alphabet Inc. and Microsoft Corp., both of which offer cloud computing services.
AMZN Stock Technical Analysis
On the last trading day (Friday, August 1st, 2022), the price of Amazon shares increased by 10.36%, moving from $122.28 to $134.95. This is the company’s fourth straight day of increases. It will be interesting to watch whether it is able to gain more over the following several days or whether it decides to take a small break. The stock’s daily range was from a low of $132.41 to a high of $137.65, or 3.96%.
Seven of the previous ten days have seen price increases; during the past two weeks, it has increased by 18.85%. The past day saw both price and volume rise, which is a good technical indicator. Overall, 70 million more shares were traded than the day before. 149 million shares were purchased and sold for a total of almost $20.05 billion.
The short-term trend up in the stock has broken, and an even faster rate of climbing is indicated. With the current trend broken at $128.38, there will now be support on the roof for any further response, which might present a second opportunity to strike a runner. The next potential trend-top level, $152.17, in accordance with fan theory, will provide a resistance level that might not be broken on the first try.
AMZN Stock (Source: Nasdaq)
Amazon (AMZN) Stock Price Prediction
After conducting thorough research on the stock market and Amazon’s prior performance, we devised the following price prediction.
Currency Prediction Amazon (AMZN) Stock Price Prediction 2022
We at Currency Prediction predict that for the left months of 2022, Amazon (AMZN) stock might hit its minimum price at $152.10, its maximum price at $174.25, and could end the year at an average of $162.75.
Currency Prediction Amazon (AMZN) Stock Price Prediction 2023
As of 2023, we predict that Amazon (AMZN) stock’s minimum price might be at $186.88, the maximum at $215.95, and the average at $201.83.
Currency Prediction Amazon (AMZN) Stock Price Prediction 2024
The price of Amazon (AMZN) stock is expected to fluctuate between a minimum price of $237.33 and a maximum price of $271.72 and might end the year at an average price of $253.94.
Currency Prediction Amazon (AMZN) Stock Price Prediction 2025
We at Currency Prediction suggest that the price of AMZN stock might hit a minimum of $299.41 and a maximum of $342.79 in 2025. AMZN could end the year at an average price of $320.37.
Currency Prediction Amazon (AMZN) Stock Price Prediction 2026
As the cryptocurrency market has gained momentum, the future is positive. Our predicted price range for AMZN stock is $376.76 for the minimum, $431.36 for the maximum, and $403.14 for the average.
How To Buy Amazon (AMZN) Stock?
We will show you how to buy AMZN stock in a few steps.
Step 1: Open a Brokerage Account
You’ll need an online brokerage account in order to purchase AMZN stock. Nowadays, the majority of brokerages provide fee-free stock trading but be careful to check for any fees and minimum account requirements.
To decide what sort of account you want, you also need to consider your investment objectives. Choose an individual retirement account (IRA). if you want to save for retirement. In return for restrictions on how and when you can use the funds, it allows you to avoid capital gains taxes. Taxes or penalties may apply to withdrawals made at other times or for other purposes.
Suppose you’re saving for a more broad objective, such as wealth accumulation or a down payment on a home. In that case, you may just need a taxable investment account that permits unlimited withdrawals without incurring fees.
Step 2: Decide An Investment Budget
Even Bezos is restricted in how much money he can invest in Amazon. Consider these issues while determining your Amazon investment amount.
How much can you spend?
Before you start your AMZN investment, be sure all of your bases are covered. You must have enough money to cover your expenses, start an emergency fund, and put money aside for retirement. Allocate any remaining funds to purchase Amazon shares and other investments after they have been paid for.
How much does AMZN cost?
The cost of purchasing Amazon shares has significantly decreased over time. One share of AMZN was worth approximately $2,800 prior to the most recent stock split. A single share is now worth around $135 following the 20-1 split.
Step 3: Place an Order
Log into your trading app or online brokerage account if you’re ready to purchase Amazon stock. Then, enter the number of shares or money you want to invest, followed by Amazon’s stock symbol (AMZN).
Additionally, you might need to decide what kind of order you wish to place. Market orders and limit orders are two of the most common examples. With a market order, you may purchase or sell stock at the market price. A limit order only purchases or sells stock when the stock price reaches a certain level that you specify.
Amazon is listed on the Nasdaq exchange, which typically has trading hours from 9:30 a.m. to 4:00 p.m. ET, Monday through Friday. This is similar to many other technology companies. Your brokerage may offer access to extended pre- and post-market trading hours.
Frequently Asked Questions (FAQs)
Is Amazon (AMZN) Stock a good investment?
The management team at Amazon is competent, the company’s balance sheet is strong, and its business strategy is very diverse. Despite short-term difficulties, the company’s valuation is declining, but its fundamentals are still strong. Depending on your trading goals and the conclusion drawn from your own research, you must decide whether AMZN stock is a suitable asset. Always draw your own conclusions about the company’s prospects and the possibility of meeting analysts’ goals. Past achievement is not a guarantee of future success. Likewise, never risk investing funds that you cannot afford to lose.
Will AMZN go up?
Amazon (AMZN) Stock is expected to go up in the following years. The anticipated price by 2030 is around $1071.02 at its maximum, or reach a minimum of $935.47.
Takeaways
- One of the biggest companies in the world, Amazon.com Inc. (AMZN), is a pioneer in cloud computing and e-commerce worldwide.
- On the last trading day (Friday, August 1st, 2022), the price of Amazon shares increased by 10.36%.
- Amazon stock is listed on the Nasdaq exchange.
- AMZN stock is expected to reach a price of $431.36 by the end of 2026.
- By 2030, AMZN might have reached a price of $1072.02.
