Highlights
- Amazon stock market price to rise by $200 in the coming six years.
- Amazon offers the second most streaming services.
- Amazon Digitalisation of shopping and investment in Telehealth is most valued.
Amazon (AMZN) is a growing network of trade markets connecting its consumers across the world. Not only consumers but business services too have interacted with an Amazon service.
An investment ten years ago would have produced multi-bagger returns almost 15x in Amazon’s case. But what’s the current Amazon stock price prediction?
Amazon And Its services
We already know that Amazon is the biggest online retail market. The streaming service is old and reliable.
AmazonPrime Video
Amazon started as a streaming service known as Amazon Unbox on September 7, 2006. In the coming year, the rebranded name chosen was Amazon Instant Video On Demand adding 5k+ plus movies and TV shows. However, the (Instant- name) dropped in 2015. After an agreement with the UK-streaming service and DVD-by-mail service, a Prime subscription got introduced for users in 2014. As of April 2021, AmazonPrime is the second largest streaming service with subscribers of 175 million.
Some of the advanced services provided:
- Whole Foods- Groceries
- Audible — Audiobooks
- Zappos — Apparel
- PillPack — Pharmaceuticals
- Twitch — Live entertainment streaming
- MGM — Content productions
- Alexa — Voice-controlled virtual assistance
- A9.com — Search and advertising
- Ring — Smart homes
- Electric vehicle manufacture- Rivian
- food delivery service – GrubHub
Following the structure and services profile, Amazon’s stock price prediction currently stands around 170+ dollars.
Amazon Futuristic Investment
Ever since the Amazon market has flourished, two of its path-breaking investment are the digitalization of shopping and telehealth.
Digitalization of shopping
The investments are Amazon Go and Just Walk Out technologies developed for cashier-less payments. Overall the market is estimated to be worth over $300+ billion by 2026.
Investment In Telehealth
Amazon care adds up to the list of futuristic investments with an overall worth of almost $600 billion by 2028.
2021 Fiscal Year
In 2021, Amazon reported earnings of US$33.36 billion, with annual revenue of US$469.82 billion, an increase of 21.7% over the previous fiscal cycle.
2007-2017: A massive expansion of sales from 14.835 billion to 469.822 billion, says the reports of 2017.
The Amazon market is expanding, and every year new investors join hands. One of the topmost reasons for its expansion is its growing circles.
Amazon distribution network got launched in 1997 with fulfillment centers in Seattle and New Castle, Delaware. It’s facilities include:
- Cross-dock centers
- Fulfillment centers
- Sortation centers
- Delivery stations
- Prime now hubs
- Prime air hubs
Moreover, there are 75 fulfillment centers with 25 sortation centers with over 125K+ employees.
Will Amazon stock go up?
As per analysts Amazon will continue to prosper over the next five-six years. As per reports, the average price estimate for Amazon stock by 2026 yearend is approx. $260+. However, price predictions over such a long period are subject to regular revisions because market size changes and prices keep on fluctuating. Furthermore, Amazon is the biggest market in terms of delivery of foods, clothes, books, and streaming services, so it is likely to add value to Amazon’s stock market success.
Amazon Stock Chart History
The latest closing stock price for Amazon as of July 21, 2022, is 124.63.
July 08, 2021- Amazon’s stock closing price was 186.57.
The Amazon 52-week high stock price is 188.11, which is 50.9% above the current share price.
The Amazon 52-week low stock price is 101.26, which is 18.8% below the current share price.
The average Amazon stock price for the last 52 weeks is 152.13