Amazon.com Inc. (AMZN) is the world’s largest online retailer and one of the most popular stocks among investors. The company’s stock price has been on a tear in recent years, with shares up more than 80% since the start of 2020. Analysts have been bullish on Amazon stock for some time now, and many are predicting that the stock could continue to rise in 2021.
Analysts are predicting that Amazon stock could reach $4,000 by the end of 2021, which would represent a 40% increase from its current price of $2,850. Analysts are attracted to Amazon due to its strong fundamentals and its potential for growth. The company is well positioned to benefit from the shift to e-commerce and digital media, as well as its ability to leverage technology for competitive advantage.
Analysts also believe that Amazon has room to grow in terms of revenue and profit margins. Amazon reported record revenues in 2020, driven by an increase in demand for its products and services as well as cost savings achieved through improved efficiency. Additionally, analysts expect Amazon’s investments in areas such as artificial intelligence, cloud computing, and logistics to pay off over the long term.
Amazon is also expected to benefit from its ongoing efforts to expand into new markets and industries. The company recently entered into a partnership with Berkshire Hathaway Inc., which will allow it to gain access to new customers and markets. Additionally, Amazon’s investment in emerging technologies such as self-driving cars and AI-powered customer service could position it favorably for future growth.
Conclusion:
Overall, analysts are optimistic about Amazon’s prospects going forward and have set a Target price of $4,000 per share by the end of 2021. This would represent an impressive 40% increase from its current price of $2,850 per share. Investors should keep an eye on Amazon over the next year as it continues to make strategic investments that could drive future growth.