3 Reasons Amazon Stock Could Soar in 2023
It's been an agonizing year for Amazon's (NASDAQ: AMZN) shareholders. After surging during the early stages of the pandemic, when store closures and other COVID-related restrictions drove people to shop online, the e-commerce giant's stock price has backtracked in 2022. Following several quarters of slowing growth, Amazon's shares are down a brutal 49% year-to-date.
Yet Amazon is still one of the most competitively dominant businesses in the world today. And its long-term growth prospects are far brighter than its recent stock performance would otherwise indicate.
The stock market tends to correct its mistakes, so these discrepancies are unlikely to persist. Here are three reasons why Amazon's shares are poised to rebound in the year ahead.
Source Fool.com
