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Amazon (NASDAQ: AMZN) stock is gaining ground in Tuesday's trading. The company's share price was up 2.7% as of 3 p.m. ET. Meanwhile, the S&P 500 index was up 0.4%, and the Nasdaq Composite index ...
Amazon (NASDAQ: AMZN) is one of the best-performing stocks of all time, up more than 200,000% since its IPO in 1997. A $1,000 investment back then would have turned into more than $2 million today.
Today, Amazon stock trades at a price-to-sales ratio of 3.5 and a price-to-earnings ratio of 44. It has $620 billion in trailing-12-month sales, and $50 billion in trailing-12-month net income.
Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to equal weight (i.e., from buy to hold).
JPMorgan has an "overweight" rating on Amazon and a $230 price target. This suggests nearly 23% upside from current levels. Amazon's consensus third-quarter net sales estimate is $157.29 billion.
Amazon stock isn't a bargain right now, but it might not be as expensive as you expect. The company's shares have a forward price-to-earnings ratio of 33.4 as of this writing, a modest premium to ...
Analyst Mark Mahaney recently increased the 12-month price target on the stock to $240 from $225. This target reflects an upside potential of roughly 30%. Mahaney continues to view Amazon as his ...
While Amazon stock has risen roughly 17.5% across this year's trading, the S&P 500 index has delivered a dividend-adjusted total return of 19.5% as of this writing.