#3 - Amazon (NASDAQ:AMZN)
It would be irresponsible to create a list of great graduate stocks without including Amazon (NASDAQ:AMZN). The idea of buying stock in companies that you buy from doesn’t always fit. However, in the case of Amazon, it really does.
This current crop of graduates was born around the turn of the century. At that time, Amazon was still largely known as an online bookseller. AMZN stock was trading at around $69 per share.
But today, many of these graduates are Amazon Prime members and ordering products of all types for next-day delivery. And AMZN stock is trading at over $3,000 per share.
When you’re a company that becomes synonymous with a category the way Amazon is with e-commerce, then you’re a company that is worth investing in for the long haul.
In fairness, buying a graduate an entire share of AMZN stock would be an elaborate gift. But if they’re on Robinhood or Webull, perhaps you can buy them a fractional share to get started.
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
- $197.12
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.77 (19.6% Upside)
