Amazon.com went public in May 1997 at a split-adjusted price of about seven cents per share and has since gained over 299,600% as it became central to e-commerce. The company is part of the Magnificent 7 and holds the fourth-largest market capitalization among public companies. From 2014 to 2024 shares rose more than 1,025%, while revenue expanded from $89 billion to $638 billion and net income moved from −$0.241 billion to $59.2 billion. The stock saw large pandemic-era gains, with a 150.7% rise between March 13, 2020 and December 2024. A 2022 surprise loss followed pulled-forward demand. Future performance to 2030 depends on e-commerce, macroeconomic conditions, industry trends, growth metrics, and valuation measures such as P/E ratios.
Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 299,600% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the fourth-largest market cap of any publicly traded company.
However, for investors, what matters most now is how the stock performs going forward. Let's crunch the numbers on a 2030 price prediction for Amazon. Of course, no one has a crystal ball. But based on the macroeconomic environment, industry trends, Amazon's growth metrics and other factors such as price-to-earnings (P/E) ratios, 24/7 Wall St. can make cases for bulls, bears, and a baseline.
From 2014 to 2024, shares of Amazon surged by more than 1,025%, from $19.94 to $223.75. A considerable amount of that gain came between March 2020-coinciding with the arrival of the COVID-19 pandemic-and last year. From March 13, 2020, through the end of December 2024, the stock climbed from $89.25 per share to $134.50, a gain of 150.70%, as the company became the focal point for sourcing materials during lockdowns.
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