2 Reasons to Buy Amazon Stock Like There's No Tomorrow
Amazon's (NASDAQ: AMZN) shares have risen nearly 11% since the company posted its fourth-quarter 2023 earnings on Feb 1.
The company is coming out of a stellar growth year that saw its e-commerce profits soar and its cloud platform, Amazon Web Services (AWS), make significant inroads in the booming artificial intelligence (AI) market. Amazon is on a promising growth trajectory that could offer investors significant gains in the coming years.
In fact, the recent rally saw the retail giant overtake in market cap and become the world's fourth-most valuable company. With growth catalysts across multiple industries, Amazon's stock is too good to ignore. So, here are two reasons to buy Amazon's stock like there's no tomorrow.
Source Fool.com
Alphabet Inc. A Stock
€164.46
1.050%
The stock is an absolute favorite of our community with 85 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 7.62% compared to the current price of 164.46 € for Alphabet Inc. A.
