Investing $1000 in Amazon a decade ago would result in a 1,102.54% gain.

From NASDAQ: 2024-11-26 08:30:04

Investors often track how a stock’s price changes over time to assess their investment portfolio and compare results. The fear of missing out (FOMO) can also drive investing, especially in tech giants and popular consumer-facing stocks. If you had invested in Amazon (AMZN) a decade ago, your investment would be worth significantly more today.

Amazon’s main business drivers include e-commerce, the Prime program, Whole Foods Market acquisition, cloud computing with Amazon Web Services (AWS), and Alexa-powered Echo devices. In 2023, Amazon reported revenues of $574.8 billion, generated from North America, International, and AWS. The company targets consumers, sellers, and website developers, facing competition from various sectors.

Investing in Amazon ten years ago could have resulted in a 1,102.54% gain, with a $1000 investment in November 2014 worth $12,025.43 by November 26, 2024. This return excludes dividends but includes price increases, outperforming the S&P 500 and gold. Analysts forecast further upside for AMZN, driven by Prime and AWS momentum, expanding services, global presence, and AI focus.

Amazon’s stock has climbed 6.93% in the past four weeks, with positive Q4 2024 guidance. No earnings estimates have decreased for fiscal 2024, fueling investor enthusiasm. Zacks Investment Research highlights five stocks set to double, offering potential home runs for investors looking to capitalize on under-the-radar opportunities for significant gains.



Read more at NASDAQ: Here’s How Much You’d Have If You Invested $1000 in Amazon a Decade Ago