#1 - Amazon (NASDAQ:AMZN)
The national lockdown caused by the pandemic is confirming the direction that the nation was heading into regarding our shopping habits. Consumers who had only shopped online out of convenience were now doing so out of necessity. And that has allowed Amazon (NASDAQ:AMZN) to continue to remind Americans of its dominance in e-commerce.
As an investor though, you have to like the fact that Amazon is a corporate enterprise that goes well beyond e-commerce. For many years, the company has been taking steps to become one of the leading players in cloud computing. And its Amazon Web Services (AWS) unit already accounts for a significant amount of the company’s revenues. So much so that Amazon is drawing the ire of regulators who would like to see the company broken up.
AMZN stock is up over 45% in 2020 despite tumbling over 20% at the onset of the pandemic. From that point, the stock is up nearly 65%. It’s just been an incredible run for a company that shows no signs of slowing down.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More - Current Price
- $224.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 42 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $243.00 (8.0% Upside)
