From Nasdaq: 2024-05-07 06:41:00

Amazon (NASDAQ: AMZN) stock has doubled in value since 2022, with profits driving growth. Loop Capital analyst raised price target to $225, suggesting a 21% upside. Operating income tripled to $15.3 billion, leading to cost-reduction efforts. Forward price-to-earnings ratio is 41, with expected profit growth and potential stock increase.

Amazon’s retail business fueled a surge in operating profit, leading to a tripled operating income of $15.3 billion in Q1. North American segment saw a 455% year-over-year increase in profit, turning international losses into $903 million profit. Analysts predict continued profit growth and potentially reaching price target within a year.

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Read more at Nasdaq: Is Amazon Stock Going to $225? 1 Wall Street Analyst Thinks So.