Amazon.com stock has outperformed the Dow, gaining 20.8% in the past three months

From Nasdaq: 2024-12-02 12:45:28

Amazon.com, Inc. (AMZN) is the world’s largest online retailer with a market cap of $2.2 trillion, offering a wide range of products and services. Despite a recent 3.7% dip from its 52-week high, AMZN stock has gained 20.8% in the past three months, outperforming the Dow Jones Industrials Average.

With a YTD rise of 36.8% and a 42.1% increase over the past year, Amazon’s strong performance is attributed to its thriving ad tech business, AWS cloud growth, and strategic acquisitions. Wall Street analysts remain bullish on AMZN, with a consensus “Strong Buy” rating and a mean price target of $237.22.

In the competitive internet retail sector, eBay Inc. (EBAY) has shown resilience, outperforming Amazon with a 45.1% YTD increase and a solid 55.7% gain over the past 52 weeks. Analysts expect Amazon’s stock to potentially rise by 14.1% based on a mean price target of $237.22.



Read more at Nasdaq: Is Amazon.com Stock Outperforming the Dow?