#4 - Amazon (NASDAQ:AMZN)
The rapid expansion of e-commerce activity is even putting a strain on Amazon (NASDAQ:AMZN). But the company has virtually limitless financial resources, and it is using them to make sure that packages are getting delivered on schedule.
But for investors looking at the next 10 years, Amazon should be considered because it is always looking for the next new thing. But Amazon doesn’t just look for it; it seeks to dominate that space. For example, Amazon has created its own streaming movie service, Amazon Video, a natural extension of its Amazon Prime service, and a segue into its game streaming service, Twitch.
But the company is doing more than just targeting the consumer. Amazon is expanding into enterprise services such as cloud computing and has several artificial intelligence initiatives (AI). Simply put, the company finds ways not only to branch out but also to impact that space.
It’s also one reason why Amazon does not yet pay a dividend. For as big as the company is, they are still reinvesting back into their business.
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)
