1 Stock That Turned $1,000 Into More Than $1 Million
From Nasdaq: 2025-06-21 16:13:00
Investors benefit from long-term ownership of high-quality businesses, leveraging compound growth over decades. One stock turned a $1,000 investment into over $1 million in 28 years. Amazon, since its IPO in 1997, saw shares soar by 217,000%, revolutionizing e-commerce and expanding into diverse ventures, including AWS and advertising.
With a market cap of $2.3 trillion, Amazon’s revenue is projected to grow at 9.5% annually. Earnings per share rose from $3.21 in 2021 to $5.53 in 2024. The stock’s forward P/E ratio stands at 34.3, offering long-term investment potential despite its immense scale. Amazon remains a key player in the market.
Consideration for investing $1,000 in Amazon should factor in future growth projections and operational efficiencies driving earnings growth. While Amazon’s exponential rise may not continue, its evolving business model and market dominance warrant attention. Joining Stock Advisor offers insights into other potential high-return stocks for investors.
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