Where Will Amazon Stock Be in 3 Years?
Amazon (NASDAQ: AMZN) has been an up-and-down investment. Depending on the time frame, it may not have been as successful as many investors had hoped. Over the past five years, Amazon has dramatically underperformed the S&P 500. The index is up about 90%, while Amazon's stock is up nearly 50%. That's horrible underperformance, and plenty of other stocks would have delivered superior returns.
If you flip the timeframe to begin in 2023, when the AI megatrend began, Amazon's stock is up an incredible 190% versus the S&P 500's 75% rise. That's a huge difference, and with its recent outperformance, it may indicate that Amazon could be slated to underperform the market moving forward after a few years of incredible success.
So, where will Amazon stock be in three years? Let's find out.
Source Fool.com
