Where Will Amazon Stock Be in 1 Year?
Because Amazon (NASDAQ: AMZN) is a component of the "Magnificent Seven," investors are naturally curious about the state of the company over the next year. The conglomerate built itself on pioneering two key industries and, with secular growth continuing in those businesses, has wisely positioned itself to prosper in nearly any economic environment. Amid such conditions, its long-term success is likely to continue.
Still, its near-term prospects are more uncertain. With a market cap of about $2 trillion and a falling valuation, Amazon appears to be in the process of becoming a mature company. Does that mean investors should buy now, or should they wade through the near-term uncertainty before adding shares?
Image source: Amazon.
Source Fool.com
