Amazon has been one of the top-performing stocks of the last decade, delivering huge returns for investors. As an e-commerce and cloud computing giant, it has upended industries and become a dominant force in retail. In this blog, we will provide a detailed analysis and forecast of Amazon stock for the years 2023, 2025, 2030, 2040 and 2050. What is the predicted price range for Amazon shares in the coming years? How high can the company’s seemingly unstoppable growth trajectory take the stock?
We will examine Amazon’s historical stock performance, financial metrics, growth opportunities, and recent events to project where the stock could be headed in the short term and long run. For current or potential Amazon shareholders, this blog aims to provide an objective view of the stock’s future prospects. Read on for an in-depth assessment of what could be next for one of the market’s top performers.
About Amazon Inc. (AMZN)
Amazon, founded by Jeff Bezos in 1994 as an online bookstore, has evolved into one of the world’s largest e-commerce platforms and cloud computing companies. In fact, the company is among the Big Five American tech giants, which include Apple, Google, Microsoft, and Meta.
Here are some key facts About Amazon:
- Amazon operates in over 200 countries and regions, with retail websites in 15 countries.
- The company has expanded beyond e-commerce into cloud computing with Amazon Web Services (AWS), streaming media with Prime Video, and smart home automation with Alexa/Echo devices.
- Amazon Marketplace enables third-party sellers to list their products on Amazon’s platform, significantly expanding the selection available to customers. Over 50% of units sold on Amazon are from these third-party sellers.
- Amazon Prime membership offers customers benefits such as free 2-day shipping, Prime Video, Prime Music, and Prime Reading, all for an annual fee. The service boasts over 200 million members globally.
- Amazon’s physical retail presence includes Amazon Go cashier-less convenience stores, Amazon Fresh grocery stores, and the acquisition of Whole Foods Market.
- In 2022, the company reported over $500 billion in net sales and an operating income of $12.24 billion, with North America contributing over 60% of these sales.
| Description | Value |
|---|---|
| Company Name | Amazon.com Inc |
| Industry | Internet Retail |
| Sector | Consumer Cyclical |
| Number of Employees | 1,500,000 |
| Official Website | Amazon.com |
| CEO | Andy Jassy |
| Competitors | Walmart, eBay, Alibaba, Google, Microsoft |
Amazon (AMZN) Historical Performance
Amazon’s stock price has experienced tremendous growth over the last decade, propelled by the company’s ongoing expansion and dominance in e-commerce and cloud computing.
Amazon Price History in Last 5 Years
In the last 5 years (2018-2022), Amazon’s stock price has risen from around $1,500 at the start of 2018 to current levels approaching $95 per share. Here are some key events that affected the stock price during this period.
- In 2018, Amazon’s stock price climbed from around $61 at the beginning of the year to over $73 by the end of the year, driven by strong revenue growth, especially in AWS.
- The stock continued to rise in 2019, reaching over $85 by the year’s end. Also, Amazon’s market cap exceeded $1 trillion during this period.
- Even during the COVID-19 pandemic, the stock rose to around $150 by mid-March 2020. Hence, the lockdown-driven e-commerce boom helped the stock reach over $171 by July.
- The appointment of Andy Jassy as the new CEO in 2021 and strong growth across all business segments pushed the stock over $185.
- The 20-for-1 stock split in June 2022 brought the stock price down to around $106. It has since rebounded to around $143 per share in 2023.
| Date | Open | High | Low | Close* | Volume |
|---|---|---|---|---|---|
| Nov 2023 | 133.96 | 143.65 | 133.71 | 143.56 | 386,342,100 |
| Nov 2022 | 103.99 | 104.58 | 85.87 | 96.54 | 2,035,133,200 |
| Nov 2021 | 168.09 | 188.11 | 164.18 | 175.35 | 1,515,990,000 |
| Nov 2020 | 153.09 | 168.34 | 147.51 | 158.40 | 1,816,210,000 |
| Nov 2019 | 89.40 | 91.23 | 86.14 | 90.04 | 1,041,524,000 |
Amazon Price History in Last 10 Years
Looking at the longer term over the past 10 years (2012-2022), Amazon’s stock has surged over 8x from around $18 in 2013 to $143 in 2023.
| Date | Open | High | Low | Close* | Volume |
|---|---|---|---|---|---|
| Nov 2018 | 81.18 | 89.20 | 71.00 | 84.51 | 2,785,800,000 |
| Nov 2017 | 55.27 | 60.67 | 54.34 | 58.84 | 1,543,300,000 |
| Nov 2016 | 39.95 | 40.04 | 35.51 | 37.53 | 2,201,718,000 |
| Nov 2015 | 31.36 | 34.14 | 31.02 | 33.24 | 1,746,098,000 |
| Nov 2014 | 15.31 | 17.06 | 14.61 | 16.93 | 1,379,674,000 |
| Nov 2013 | 18.28 | 19.70 | 17.09 | 19.68 | 1,084,154,000 |
| Nov 2012 | 12.63 | 13.16 | 12.14 | 12.54 | 1,217,424,000 |
Amazon (AMZN) Financial Details
Amazon has shown staggering revenue growth over the past five years. The company’s market capitalization has gone from $933 billion in 2019 to over $1.48 trillion. Also, Amazon’s total net revenue has nearly doubled from $386 billion in 2019 to $538 billion in 2023. Now, this growth has been driven by expansion across all of Amazon’s businesses, which includes online Amazon.com, Amazon Seller Hub, Prime subscriptions, and AWS. Here, North America was the largest contributor, accounting for over 65% of the 2023 revenues.
But, if you look at the Net income of the company, it has fallen from $21.3 billion in 2019 to $6.75 billion in 2023, which represents around a 68% decrease. Also, the net profit margin has fallen from 4.8% to 2.4% over this period.
Even the company’s Earnings per Share (EPS) has seen a significant fall from $2.09 in 2018 to $0.65 in 2023. But, EBITDA, which tells about the company’s operating cash flow, stands at $19.270 billion, which is a 47.86% increase year-over-year.
Below, you can look at other Amazon’s financials:
| Metrics | Value |
|---|---|
| Market Cap | $1,483,549.05 million |
| Revenue (Last 12 Months) | $554.03 billion |
| Gross Profit (Last 12 Months) | $225.15 billion |
| EBITDA | $73.98 billion |
| Earnings Per Share (EPS) | $1.91 |
| Operating Margin | 7.82% |
| Profit Margin | 3.62% |
| Dividend Per Share | Not available |
| Dividend Yield | 1.04% |
| EPS Forward Estimate | $2.96 |
| EV/EBITDA Ratio | 19.30 |
| Enterprise-Value-to-Revenue Multiple | 1.95 |
| Exchange Traded On | NASDAQ |
| Float | 9,059,534,594 shares |
| Forward PE | 43.86 |
| PE Ratio | 75.16 |
| PEG Ratio | 11.85 |
| Percent Owned by Insiders | 9.718% |
| Percent Owned by Institutions | 60.53% |
Amazon (AMZN) Stock Price Prediction & Forecast
According to short-term forecast, the Amazon stock price can reach around $143 by the end of 2023, and $152 in 2024. Well, If you look at long-term projections, Amazon stock can rise to $198 in 2028, and $228 in 2030.
| Year | Average Price | Max Price | Min Price | Change % |
|---|---|---|---|---|
| 2023 | $143.00 | $160.00 | $133.00 | 0.00% |
| 2024 | $152.34 | $160.21 | $144.13 | 6.53% |
| 2025 | $162.49 | $172.35 | $152.67 | 13.24% |
| 2026 | $173.67 | $184.42 | $162.89 | 21.18% |
| 2027 | $185.23 | $197.56 | $173.45 | 29.43% |
| 2028 | $198.12 | $211.89 | $185.78 | 38.12% |
| 2029 | $212.56 | $226.34 | $198.67 | 48.47% |
| 2030 | $227.89 | $242.63 | $212.34 | 59.23% |
| 2035 | $321.45 | $340.78 | $302.67 | 124.61% |
| 2040 | $453.89 | $480.34 | $424.56 | 217.42% |
| 2050 | $640.23 | $678.45 | $602.89 | 348.09% |
Amazon (AMZN) Stock Forecast & Price Prediction 2023
In 2023, Amazon’s stock is projected to have an average price of $143.00. We suggests a stable year with no significant change in stock value, as the high and low predictions will be $160.00 and $133.00, respectively. This stability reflects a solid foundation in Amazon’s diverse business operations.
Amazon (AMZN) Stock Forecast & Price Prediction 2024
For 2024, the forecast indicates a modest increase, with an average price of $152.34, peaking potentially at $160.21, and a low of $144.13. This 6.53% increase during this period can be seen if Amazon continues to expand its market reach.
Amazon (AMZN) Stock Forecast & Price Prediction 2025
In 2025, the average stock price is predicted to be $162.49, with a high of $172.35 and a low of $152.67, marking a 13.24% change. Now, this increase can be fueled due to Amazon’s persistent strides in cloud technology and AI advancements.
Amazon (AMZN) Stock Forecast & Price Prediction 2026
In 2026, Amazon’s stock is anticipated to further rise, with an average price of $173.67 and highs possibly reaching $184.42. The predicted low stands at $162.89, suggesting a 21.18% increase.
Amazon (AMZN) Stock Forecast & Price Prediction 2027
A more pronounced increase is expected in 2027, where the average price could hit $185.23, with a high of $197.56 and a low of $173.45, amounting to a 29.43% change.
Amazon (AMZN) Stock Forecast & Price Prediction 2028
By 2028, Amazon’s stock is forecasted to grow to an average of $198.12, peaking at $211.89 and not dropping below $185.78, showcasing a 38.12% increase. This growth is likely a result of continued innovation and leadership in the global e-commerce market.
Amazon (AMZN) Stock Forecast & Price Prediction 2029
Heading into 2029, the stock is expected to reach an average price of $212.56, with a potential high of $$226.34 and a low around $198.67. This represents a 48.47% increase, reflecting Amazon’s consistent expansion and the likely success of its strategic initiatives in various tech domains.
Amazon (AMZN) Stock Forecast & Price Prediction 2030
By 2030, Amazon’s stock price is predicted to average around $227.89, with highs potentially soaring to $242.63 and a minimum value of $212.34. This indicates a 59.23% change, underpinned by Amazon’s robust growth in areas like AI, machine learning, and possibly new ventures in emerging technologies.
Amazon (AMZN) Stock Forecast & Price Prediction 2035
Looking further ahead, in 2035, the forecast suggests an average price of $321.45, hitting a high of $340.78 and a low of $302.67. This substantial 124.61% increase could be fueled by long-term investments in technology, logistics, and possibly new business models that Amazon might venture into.
Amazon (AMZN) Stock Forecast & Price Prediction 2040
For 2040, the average price is projected at an impressive $453.89, with the potential to reach as high as $480.34 and a low of $424.56. This 217.42% increase might be driven by Amazon’s continued dominance in the e-commerce space and its innovation in other sectors like space exploration and healthcare technology.
Amazon (AMZN) Stock Forecast & Price Prediction 2050
In 2050, Amazon’s stock is anticipated to reach an average of $640.23, with a high of $678.45 and a low of $602.89. This remarkable 348.09% increase suggests a continued trajectory of growth and expansion, backed by Amazon’s ability to adapt and innovate in a rapidly changing technological landscape.
Read More: Tesla (TSLA) Stock Price Prediction & Forecast 2023, 2025, 2030, 2040, 2050
Amazon Stock: Buy, Sell or Hold?
Based on analyst consensus estimates, Amazon stock appears to be a compelling buy at its current level of around $143 per share.
The average analyst price target for Amazon is $160.61, representing nearly a 12% upside from today’s price. Also, Analysts rate the stock highly, with an average rating of 4.72 out of 5. There are 39 strong buy ratings and another 13 buy ratings for the stock, with only 1 analyst having a neutral hold rating on Amazon.
This overwhelmingly positive analyst sentiment shows investor’s confidence in Amazon’s market leadership and future growth potential. The investors think that the company is expected to retain its dominance in areas like e-commerce, cloud computing, and digital media while expanding into new industries.
| Average Analyst Price Target (2023) | $160.61 |
| Average Analyst Rating | 4.72/5 |
| Number of Buy Ratings | 13 |
| Number of Strong Buy Ratings | 39 |
| Number of Hold Ratings | 1 |
Amazon Stock FAQs
Will Amazon Stock Reach $500?
Based on current analyst forecasts, it is unlikely that Amazon stock will reach $500 per share in the short term. The average price target over the next 12 months is around $160. However, Amazon has significant growth potential in the coming years. If the company continues to dominate e-commerce and successfully expands into new markets, the stock could reach $500 and beyond in the next 10-15 years.
Where Will Amazon Stock Be in 5 Years?
Analyst estimates suggest that Amazon stock could reach $211 per share by 2028, five years from now. This price target reflects the company’s strong expected growth in retail, cloud computing, digital media, and emerging segments like healthcare and advertising.
Where Will Amazon Stock Be in 10 Years?
In 10 years, Amazon stock has the potential to reach in the range of $227 and $321 by 2033, according to market forecasts.
How Many Amazon Stocks Are There?
As of November 2023, Amazon has around 10.25 billion shares outstanding.
How many times has Amazon stock split?
Amazon stock has split three times in the company’s history:
- A 2-for-1 stock split in June 1998 at a split-adjusted price of $0.36 per share.
- A 3-for-1 stock split in Jan 1999 at a split-adjusted price of $3.11 per share.
- A 2-for-1 stock split in Sep 1999 at a split-adjusted price of $3.00 per share.
- A 20-for-1 stock split in June 2022 at a split-adjusted price of $124.79 per share.
The June 2022 stock split was Amazon’s first since 1999. These stock splits have made Amazon shares more affordable for retail investors and increased liquidity. The latest 20-for-1 split resulted in a current adjusted price of approximately 1/20th the pre-split price.
Where to Buy Amazon Shares?
Investors can buy Amazon stock through online brokerage accounts such as Fidelity, ETrade, or Robinhood. Amazon shares are listed on the NASDAQ under the ticker symbol AMZN. The stock can be purchased directly or as part of ETFs or mutual funds that include Amazon.
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Disclaimer: The projections and price targets provided for AMZN” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.
