#1 - Amazon (NASDAQ:AMZN)
Let’s just get this stock out of the way for starters. Amazon (NASDAQ:AMZN) has been changing the way the world shops for years. There’s no reason to believe it won’t continue to be a significant player in the post-coronavirus world. Amazon is finding that even its considerable e-commerce muscle is being challenged by the demand of a nation that is staying home.
However, the company is ramping up hiring and there’s little doubt that the tech giant will find the right balance of supply and demand. But the story of Amazon goes beyond e-commerce. The company has been laying the groundwork to become one of the leading players in cloud computing. And its Amazon Web Services unit already accounts for a significant amount of the company’s revenues.
Amazon is becoming a more mature company, but they continually find ways to reinvent themselves to stay relevant. It’s a company that was built for a world in which we all look to have products and entertainment delivered to us.
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
- $201.70
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.45 (16.7% Upside)
