My Amazon Stock Price Prediction for 2024 | AMZN Stock Analysis
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- Опубліковано 24 лип 2024
- Amazon is having an excellent year as consumer behavior shifts in its favor.
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Thank you. Happily holding onto my 400 shares at avg. $130 price.
Thank you Parkev, not too much coverage on Amazon by investors. This is just what i needed.
Glad it was helpful!
Thank you Parkev ! Amazon is a great company and I am happy to have their stock shares and will hand them for long 😊
It's definitely my favorite stock. I treat it like a savings account.
I will continue holding my shares of AMZN.
Thank you Parkev! ☀️
Great video! Could you please do such analysis for MELI too?
Amzn is a monster looong hold. Just add strong pullbacks
Just buy the QQQ. You will own the most profitable strongest companies in America in one ETF.
I prefer VUG - better percentages of these mega cap companies.
I agree with everything you said. But you're only looking at one aspect. Fundamentals only tell you the max you should pay for the stock at that given time if you're holding. Now you gotta look at the technical wide. And when you look at that, you'll see that Amazon should reach $253 before the year is out. The only thing that can alter that trajectory is fundamentals. So if the fundamentals stay true with no bad news. The stock will out perform the numbers you said because on the technical side there's nothing in it's way
Is that why Bezos offloaded?
@@African_grey He took profits but still has 912 million shares.
@@African_greydoesnt matter what he does IMO. CEOs have several reasons to sell stock, doesnt have to mean anything!
I understood the video, but not sure I'm following the logic behind your price target. He's using EPS projecting for the future, so his price estimates aren't for the current time. They do depend on the opinion of Wall Street analysis who follow Amazon, though.
@dvb1701 my price target is based off of technical analysis. So if their earnings is good throughout the year and no economic problems happen to alter the entire market, technically there's no resistance stopping it from reaching $253. Some people use technical analysis. Some people use fundamentals like he's doing. I take Stanley Druckenmiller outlook and combine both.
Parkev, what do you think about Amazon getting into more of the discount market? I would think this pinches the bottom line, but is a volume play (on Temu or shein). I would think if anything this might put growth on the lower end of your 24 outlook, but have a better long term impact. thoughts?
How does Besos stock sell affect the share price?
Great channel Parkev. I currently have Amazon. Looking for another long term investment, I have 2 in mind, Service Now and Micron. Which one would would you favor? Thanks!
Dude u never take someone’s opinion on your money…………
Rule one. Never. Ever. No
Love your videos and your analysis
I'm curious to know that, till 2040 , according to you which company will reach 10 trillion market cap ?
Hi Parkev, thank you for the video. I have seen a number of influencers lately in social media promoting the stock of Bristol-Myers Squibb (BMY) as a great investment opportunity at the current price. What is your opinion?
I'll check it out!
So vanguard owns 757 million shares…blackrock owns 613 million shares and state street owns 332 million and since the interlocking board of directors of these three companies together with interlocking stock ownership that each co owns in each other makes these three actually (substance over form) acting as one stockholder hence they totally contr 20ol amazon
Can you do MSFT?
what are the challenges you're having in the market ?
I would be surprised if we didn’t see 240 by February 2025. Tesla has a cult like following like the old days of Apple and Steve Jobs. Seems like Tesla seems overvalued compared to Amazon but people want to own the Tesla stock more for the possible future innovations.
Agree. I think FSD will really drive Tesla's stock. As an owner of the car, I'm impressed at the improvements and I was a HUGE skeptic at first. The earlier versions were AWFUL but the last version has been impressive. I hope they license it. Regulations will be an issue but I think their tech will drive the stock up over time. It's just gonna be very volatile.
Tesla is a tech company too lol ot don't just sell cars 🤦🏻♂️