Amazon (AMZN): Does Momentum Make it a Buy-Now Stock?

On Wall Street, trends are paramount to making the most out of your investment. That being said, Amazon (AMZN) has emerged as a stock with momentum that could make it a buy-now option. Among the largest e-commerce providers on the planet, how are experts perceiving the fifth largest company in the world by market cap?

Amid the growing AI and cloud-based computing demand from investors, few are in a better position than Amazon. Indeed, the firm’s Amazon Web Services (AWS) has been a clear growth drive. Moreover, its continued investment could have it bound to be one of the biggest Magnificent Seven gainers over the next year.

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Amazon a Buy-Now Stock? Why Investors Seem Bullish on the E-Commerce Titan

There are few brands as big or as well-known across the world as Amazon. The company currently dominates e-commerce in the United States with a 38% market share. For context, the next closest competitor boasts a mere 6% market share, as a clear testament to Amazon’s position.

Additionally, it has bounced back from some underwhelming international performances. In 2023, the company saw an operating loss globally of $95 million. However, that changed this year. Indeed, its Q3 international operating income had surged to $1.3 billion. Above all, it propelled the company to an overall operating income of $17.4 billion, up 56% year over year.

Also Read: How Amazon (AMZN) Is Preparing to Challenge Nvidia (NVDA) Dominance

For Amazon (AMZN), this kind of momentum has many believing it is situated firmly as a buy-now stock. For the 2024 fiscal year, 15 analysts had revised earnings estimates higher over the last 60 days, Yahoo reports. The data shows that the stock is continuing to display an upward trajectory.

Over the last week and four-week period, the stock is up almost 8%. Moreover, Amazon has urged 42.2% over the last year. That is a tendency many do not expect to break in 2025. Experts believe that the incoming Trump administration will be favorable to AMZN. If that’s true, it could be in to set new highs in the coming year and pay off big bets made in 2024.