Nasdaq

AMZN Stock Set to Surge: Analysts Predict 42% Earnings Growth

Key Points:

• AMZN stock prices are showing strong performance.
• Earnings per share are projected to grow by 42% in the next year.
• Wall Street analysts are optimistic about Amazon's future prospects.

Amazon (AMZN) stock is poised for a significant upward movement, according to the latest financial forecasts. Analysts predict that the company's earnings per share (EPS) will experience a substantial growth of 42% in the year ending December 2024.

This bullish outlook is supported by the company's strong financial performance in recent quarters. As of the market close on April 29, 2024, AMZN stock was trading at $134.075, showing a steady upward trend.

The positive sentiment among analysts is further reflected in their 12-month price targets for Amazon. Based on the estimates of 42 Wall Street analysts, the average 12-month price target is set at a significant premium to the current market price, indicating their belief in the company's growth potential.

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