#1 - Amazon.com (NASDAQ:AMZN)
Any discussion of e-commerce stocks has to include Amazon.com, Inc. (NASDAQ: AMZN). As a way of bringing merchants and customers together, Amazon continues to be the leading, and largest e-commerce platform. If you are looking for it, you will most likely be able to find it on Amazon. And with the ability to get your items as soon as the next day, Amazon has become a habit that will be difficult for many consumers to break.
And you can’t ignore the fact that when you buy AMZN stock, you’re also buying its Amazon Web Services (AWS) business. This gives you exposure to the cloud as well as artificial intelligence (AI). In fact, AWS is likely to drive the growth in the company’s business.
That would leave some analysts to question whether Amazon should still be considered one of the best e-commerce stocks to buy. The simple answer may be to just look around your neighborhood on any given day.
That being said, AMZN stock is not cheap. As of June 2023, it’s trading at over 311x earnings. And Amazon.com analyst ratings on MarketBeat only give the stock about a 10% upside from its current level. However, like the market itself, it’s important to view Amazon with a wide lens. When you do, the stock still looks like a long-term winner.
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
- $198.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.77 (18.8% Upside)
