Amazon Share Price 2024: Bezos sells 12 million shares, forecasting a slight dip to $173.97. Analysts bullish at $177.97 target. 2025 anticipates $282, driven by e-commerce growth and innovations.
Amazon Share Price 2024
In a recent financial move, Jeff Bezos, the founder of Amazon, sold 12 million shares of the tech giant for over $2 billion, marking his first sale of the company’s stock since 2021. The transactions occurred on Wednesday and Thursday, aligning with Bezos’ earlier announcement on February 2, revealing his plan to sell up to 50 million Amazon shares over the next year.
This strategic move aims to capitalize on the recent surge in Amazon’s stock value, potentially propelling Bezos to the title of the world’s richest person. His fortune has seen a significant increase this year, climbing by $22.6 billion to reach $199.5 billion as of Friday.
According to the Bloomberg Billionaires Index. Bezos, known for previous substantial stock transactions, has also engaged in philanthropy, recently gifting around $230 million worth of shares to nonprofit organizations in November.
Amazon share price today 2024
As of today, the Amazon share price stands at USD 174.45 approx 14,491.972 Ruppes per share cost in Indian rupees, reflecting a daily increase of $4.61 or 2.71%.
Amazon share price 2024 in India
Amazon’s share price in India is approx 14,491.972 Ruppes per share cost in Indian rupees Note that this price has fluctuated so read here for the latest update
Amazon Share Price 2024 Market Trend
According to our latest insights, the forecast for Amazon (AMZN) shares suggests a slight decline of -0.27%, reaching $173.97 per share by February 15, 2024.
Currently, market sentiment appears to be bullish, but the Fear & Greed Index registers at 39, indicating a cautious environment (Fear).
Over the past 30 days, AMZN stock has experienced 17 positive (green) days, reflecting a 57% success rate, with a 4.88% price volatility.
Considering our Amazon stock forecast, the present scenario may not be the most opportune time to buy, as the stock is trading 0.27% above our projected value.
Amazon Share Price Target 2024
Wall Street is notably bullish on Amazon, receiving a consensus “Strong Buy” rating from analysts. Out of 43 analysts, 39 rate it as a “Strong Buy,” and 3 as a “Moderate Buy.” The mean target price of $177.97 suggests a 20% potential increase from current levels in 2024.
Amazon Share Price 2024 Analyst
Analysts cite various factors for their optimism, including growth in advertising revenues, the launch of an ad-supported Prime plan, potential benefits from the U.S. Presidential elections, and the Paris Olympics in digital ad spending.
Additionally, the focus on Amazon Web Services (AWS), artificial intelligence (AI) advancements, and potential margin expansions contribute to the positive sentiment.
Despite being the second-best performing FAANG stock in 2023, with an 81% gain, and having the highest multiples among its peers, analysts believe Amazon still has room to run higher. The company’s advertising business and the Amazon Business platform are identified as potential growth drivers.
READ ALSO: Adani Power Q3 Result 2024 Date, Market Shifts & Status
Amazon Share Price 2025 Prediction
Amazon Share Price 2025, the projections remain promising, with an anticipated rise to $266 in the first half and an additional $16 in the second half, closing the year at $282. This forecasts an impressive 62% increase from the current price
Amazon’s Stock Outlook 2024
In 2024, Amazon’s stock is expected to fluctuate between $150 and $200, averaging at $175. Amazon’s growth potential lies in expanding e-commerce in emerging markets, boosting brand registry and advertising, harnessing technology and innovation, increasing its online grocery market share, disrupting the advertising industry, expanding its entertainment business, and prioritizing sustainability initiatives.
Amazon Share Price 2024 Key Takeaways:
- Amazon, with its vast market presence and innovative edge, stands as a compelling investment opportunity.
- However, investors are cautioned to weigh the inherent risks and consider the company’s ability to navigate a competitive and rapidly evolving market.
- Amazon’s stock is shaped by its leadership across various sectors, market dynamics, and investor sentiment.
- The company’s expansion, technological advancements, and financial stability are pivotal drivers of its stock value.
- Investors should stay mindful of the risks and challenges that Amazon faces in the ever-changing global landscape.
Conclusion:
Jeff Bezos sold 12 million Amazon shares, aiming to capitalize on the stock surge. Currently valued at $174.45, the forecast hints at a slight decline to $173.97 by Feb 15, 2024. Despite caution (Fear & Greed Index at 39), analysts are bullish, projecting a $177.97 target. Amazon’s 2025 outlook anticipates a $282 year-end, showcasing growth potential driven by e-commerce expansion and technological innovations.
