Prediction: This Will Be Amazon's Stock Price by the End of 2026
The company's cloud computing investments are starting to pay off.
Overview
Amazon (NASDAQ: AMZN) has had an exciting couple of weeks. Prior to reporting earnings, its stock was flat for the year. Following earnings, it spiked 20%, although it has since come down to around a 15% gain for the year. However, I think this slight sell-off following the initial spike is about investors taking some gains, while long-term bulls are currently piling into this stock.
The reality is that Amazon delivered a jaw-dropping quarter, and its future looks incredibly bright. This could ignite a year-end rally leading to new highs before 2026 is over.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.