is Amazon’s Stock a Good Buy Today?
AMZN Stock Analysis
The Amazon stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors.
Is Amazon.com a Buy?
The e-commerce stock has been beaten down because of slowing growth concerns.
Shares of Amazon.com (AMZN 2.92%) ticked higher over the past week, but the stock remains pressured due to a souring economy, slower consumer spending, and worries the e-commerce giant won’t be able to maintain the rate of growth investors have become accustomed to.
I recently expressed doubt Amazon could turn $10,000 into $1 million unless the person was really young and just starting out in the stock market. While that doubt stands, I think the global online retailer remains a good investment, just don’t expect it to turn you into a millionaire.
Is Amazon Stock A Buy Or Sell As Business Performance Hit By Big Events
Amazon stock plunged after posting its first-quarter earnings report on April 29 that showed a steep loss, made worse by a revenue prediction well short of expectations. Amazon (AMZN) blamed the pandemic, inflation and Russia’s invasion of Ukraine for its weak performance, among other things.
Is Amazon stock a buy or sell now that it previously announced a giant 20-for-1 stock split, its first in more than two decades, along with a $10 billion buyback plan?
The Amazon stock split is due sometime in early June. In addition, the $10 billion buyback plan replaces the previous $5 billion plan, of which $2.12 billion in shares have been repurchased. The additional shares will be awarded at the close of business on May 27 and be reflected in shareholder accounts on or about June 3. Trading is expected to begin on a split-adjusted basis on June 6.