Amazon Stock Forecast: AMZN Closes Lower but short and long term outlook remains BRIGHT

Amazon Stock Forecast: AMZN Closes Lower but short and long term outlook remains BRIGHT
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Amazon Stock Forecast: Shares of AMZN are expected to trade between $ 3396 and $ 3563 in the next 24 hours. The Overall recommendation for the next 24 hours is Neutral

2 Analysts

Amazon.com Inc (AMZN) Latest Price

AMZN closed at 1.53% lower at $ 3507.07 in the last trading session

Metric
Value
Trend
Share Volume
3.48 M
Higher
Market Cap
1.78 T
Higher
Forward PE (1 Year)
68.58
NA
image 10

Amazon Stock Forecast: Momentum Summary

Metric
Momentum
Price
Lower
Technical Indicator
Neutral
Social Media Buzz Momentum
Positive

Amazon Stock Forecast: Performance Chart

1 day
last 5 days
last 1 month
last 1 year
-1.53%
-2.39%
+5.69%
+8.91%

Amazon Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$ 3415 (S3)
$ 3561 (R1)
Sell
$ 3377 (S3)
$ 3565 (R1)
Buy

BIG TECH STOCK ANALYSIS (AMZN, AAPL, TSLA, FB, MSFT, GOOG)

Amazon Stock Forecast: Latest News and Tweets

Amazon touts record post-Thanksgiving sales amid lackluster Black Friday, Cyber Monday for retailers

Labor group says Amazon massively underreported Covid cases contracted at work

Amazon Stock Forecast: AMZN Social Media Sentiuments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment Trend
Last 7 days
10.8%
9.2%
Higher
Last 24 hours
12.2%
6.2%
Higher

Amazon Stock Forecast: Latest Crowd’s Videos

Technical Analysis : Amazon (AMZN) Stock Price Prediction (2021) And Full Chart Analysis

Amazon Stock Forecast: Background

Amazon stock is a technology stock listed on Nasdaq in 1997. The current market capitalization is $1.7 trillion and it is one of the most valuable companies in the world. E-commerce and Amazon Web Series (AWS) are two main sub-divisions in the company.

When it was listed on Nasdaq as an online bookstore, its price was only $18.Market capitalization was $438 million in 1997, and in 2020 it has touched $1 trillion mark. But a notable fact about the company is that it has never paid a dividend to its shareholders and is not expected to do so in future.

Amazon Stock Forecast: Q3 results expectations

  • On Thursday, Internet giant Amazon’s (AMZN) Q3 results were declared and it caused some discomfort among investors as results did not meet street expectations.
  • Amazon top executives have pegged it to supply chain constraints and labour shortage issues.
  • The company reported net sales of $110.8 billion, although there was increase of 15 percent year on year, but it fell short of $111.6 billion expectations.
  • Earnings per diluted share came at $6.12, down by more than 50.5 percent of $12.37 per diluted share from the same period last year.
  •  In the fourth quarter also, operational cost is expected to double from $ 2 billion to $4 billion due to shortage of labour, increased wage costs and disruptions in global supply chain.
  • However, AWS (Amazon web services) results were good and revenues soared by more than 39 percent year on year for the same period.

Amazon Stock Forecast –Plethora of growth opportunities in near future

  • Amazon plans to build large chain of offline physical store and is headed for battle against Walmart. It brightens the stock’s perspective for long term investment.
  • Amazon physical outlet store which will debut in Ohio and California are nearly one third the size of conventional Walmart stores and still it is a long way to go for Amazon
  • On 28 Sept. Amazon introduced a number of new electronic gadgets, including smart displays and home robot
  • Amazon first robot is called” Astro” which will act as security guard, companion and mobile smart display. It brings together artificial intelligence, computer vision and voice and edge computing. 
  • In addition, Amazon is also taping for $350 billion market for prescription drugs. The company led to the disappointment of drugstores and drug whole sellers late last year when it launched Amazon Pharmacy
  • The unit is expected to offer 80 percent discount on generic drugs and 40 percent on brand medications.

Read: DWAC Price Prediction: DWAC crashes a further 29%, down 55% in two days

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Vineet Agarwal

Amazon Stock Price Prediction: AMZN Down by Over 2% in Last 5 Days

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