From NASDAQ.: 2024-04-27 07:00:00

Jeff Bezos, founder of Amazon (NASDAQ: AMZN), has become one of the richest men globally, owning over 1.1 billion shares worth $200 billion. Amazon’s IPO in 1997 saw a 183,000% increase, but becoming a billionaire alongside Bezos would have required a hefty investment back then.

Despite Amazon’s incredible rise, its latest quarter showed strong sales growth, particularly in advertising and third-party services. While some areas like online store growth are slower, Amazon’s diverse business segments promise future growth and potential for investors.

Valuing Amazon’s stock is challenging due to factors like profits, with traditional metrics like P/E ratios providing incomplete results. However, the price-to-sales ratio suggests Amazon’s stock is currently reasonable, with potential for increased revenue growth in the future.

Investors eyeing Amazon may still find it a solid investment, given its continued performance and growth potential. While Amazon stock isn’t considered cheap, its historical performance and future prospects could present an opportunity for buyers willing to wait for Q1 results on April 30.



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