Is Amazon a blue-chip stock? (2024)

Is Amazon a blue-chip stock?

Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average. Catch up on the developing stories making headlines. Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average.

Is Amazon stock considered a buy?

Wall Street analysts expect Amazon to reach a new high. Of the 59 Amazon stock analysts following the company, 97% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 208 for Amazon stock, according to FactSet.

What kind of stock is Amazon considered?

What is considered a blue chip stock?

Key Takeaways. A blue chip stock refers to the shares of an established, profitable, and well-recognized corporation. Blue chips are characterized by a large market capitalization, a listing on a major stock exchange, and a history of reliable growth and dividend payments.

What is a good blue chip stocks to buy?

Is Amazon a good long term investment?

Amazon's (NASDAQ: AMZN) stock is up 66% over the last 12 months after a stellar growth year. Cost-cutting measures and investment in lucrative sectors like artificial intelligence (AI) have put the company on a promising trajectory that could offer major gains over the long term.

Is Amazon financially stable?

Amazon's stock skyrocketed 81% in 2023 thanks to a return to profitability in its e-commerce business and growing potential in artificial intelligence (AI). Easing inflation and excitement over tech stocks have kept the market stable, with now an excellent time to consider investing in this retail giant.

Is Amazon a good stock to buy 2024?

Amazon (AMZN -1.95%) investors are raking in the chips to kick off 2024. Thanks to the e-commerce and cloud giant's record closeout of 2023, the stock has been climbing higher. As of this writing, shares are already up 11% so far this year, and they're homing back in on all-time highs last reached in late 2021.

Is Amazon stock under or overvalued?

The Relative Value of AMZN stock (135.36 USD) is 22% less than its price (174.12 USD). AMZN has upside potential of 20% compared to the average analyst price target. AMZN has positive Free Cash Flow for the last twelve months.

Does Amazon pay a dividend?

Unlike many companies that provide dividends to investors, Amazon does not offer dividends. While this may make it less appealing to income-focused investors, those prioritizing long-term growth may find Amazon's profit distribution approach and growth strategies advantageous.

What are 5 blue chip stocks?

Which stock will boom in 2024?

Is Apple a blue-chip stock?

Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.

What is the most profitable stock to buy?

What are the safest stocks to buy in 2024?

Is Walmart a blue-chip stock?

What Companies Are Considered to Be Blue Chips? Many of the largest companies in the S&P 500 or the Dow 30 are blue chips, such as IBM, JPMorgan Chase, Walmart, Microsoft, and American Express.

What if you invested $10,000 in Amazon 10 years ago?

Amazon shares have soared 612% in the last 10 years alongside its immense success, even taking into account the sell-off in 2022. As a result, those who bought $10,000 worth of Amazon's stock in January 2013 would have $78,138.51 today, with an annual rate of return of 22.42%.

How much is $10,000 invested in Amazon 20 years ago?

As a result, $10,000 in AMZN stock purchased 20 years ago would now be worth $645,262. A $10,000 investment in the S&P over the same period, however, would amount to $33,452.

How much would I have if I invested $1,000 in Amazon in 1997?

If you had invested $1,000 during Amazon's IPO in May 1997, your investment would be worth $1,341,000 as of August 31, according to CNBC calculations. That's better than the so-called FAANG stocks, plus Ebay – which debuted in that same period.

What will Amazon be worth in 2030?

If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year. If Apple does the same thing and grows its EPS at a CAGR of 10% from fiscal 2026 to fiscal 2030, it would be worth $5.2 trillion.

Is Amazon in any debt?

Total debt on the balance sheet as of December 2023 : $135.61 B. According to Amazon's latest financial reports the company's total debt is $135.61 B. A company's total debt is the sum of all current and non-current debts.

What will AMZN stock be worth in 2030?

Amazon Stock Prediction 2030

In 2030, the Amazon stock will reach $ 786.41 if it maintains its current 10-year average growth rate. If this Amazon stock prediction for 2030 materializes, AMZN stock willgrow 349.17% from its current price.

Is Amazon a strong buy now?

After examining many stocks in today's market, I've concluded that Amazon (NASDAQ: AMZN) is one of the best buys available. Even though it's had a strong 2024, up 11%, I still think there is room for upside. I've pinpointed five factors that make Amazon a strong buy now, even with its great performance in 2024.

How high will Amazon stock be in 5 years?

Amazon stock price stood at $177.58

According to the latest long-term forecast, Amazon price will hit $200 by the middle of 2024 and then $250 by the middle of 2025. Amazon will rise to $300 within the year of 2026, $350 in 2027, $400 in 2028, $500 in 2029 and $600 in 2032.

What is Amazon stock return in 5 years?

Definition of 5 Year Price Total Return

Five Year Stock Price Total Return for Amazon.com is calculated as follows: Last Close Price [ 178.22 ] / Adj Prior Close Price [ 83.59 ] (-) 1 (=) Total Return [ 113.2% ] Prior price dividend adjustment factor is 1.00.