Amazon stock may plateau in near term, but long-term outlook remains positive due to AWS growth.

From Nasdaq: 2024-08-10 18:24:00

Historically, Amazon stock movements correlate strongly with operating profit. Multiple profit metrics are relevant to investors, with operating profit often predicting stock price. Despite a recent 20% drop in Amazon stock, its operating income soared 141% in the first half of 2024. AWS drives most of Amazon’s operating profit, but slowing growth and rising expenses could impact profitability. Predictions suggest Amazon stock may plateau in the near term, but long-term outlook remains positive due to the growth potential of AWS. Expert analysis shows promise for the 10 best stocks for investors to buy now, with potential for significant returns over the coming years.



Read more at Nasdaq: Prediction: This Will Be Amazon Stock’s Next Move