Momentum investing involves following a stock’s trend, aiming to buy high and sell higher. Investors use metrics like the Zacks Momentum Style Score to gauge a stock’s potential. Amazon (AMZN) currently has a Momentum Style Score of B, with a Zacks Rank of #2 (Buy), indicating promising performance.

AMZN’s short-term price activity and industry comparison look favorable. The stock has seen a 5.37% monthly price change, outperforming the industry. Longer-term metrics also show positive growth, with a 30.7% rise in the past quarter and 17.27% in the last year.

Earnings estimates play a significant role in the Zacks Rank and Momentum Style Score. AMZN has seen upward revisions in earnings estimates, boosting its consensus estimate for the full year and next fiscal year. With a #2 (Buy) stock rating and a Momentum Score of B, AMZN shows potential for growth.

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For more information and analysis on Amazon.com, Inc. (AMZN), you can access a free stock analysis report from Zacks Investment Research. This article was originally published on Zacks Investment Research’s website.

Read more at Nasdaq: Here’s Why Amazon (AMZN) is a Great Momentum Stock to Buy