Where Will Amazon Stock Be in 5 Years?
The last few months have been delightful for shareholders of Amazon (NASDAQ: AMZN). The stock is up 45% in the last six months and 22% year to date.
With a market cap of $1.93 trillion, shares recently surpassed all-time highs set in 2021 as investors become increasingly optimistic about profitability in its e-commerce operations and resurgent growth in cloud computing due to the recent boom in artificial intelligence (AI).
Amazon stock is now up 100% in the last five years. But what do the next five years look like? Can it repeat this stellar performance and double yet again? Let's take a look.
Source Fool.com