Amazon's stock experienced a slight increase of 0.52% but suffered a total decline of 1.58% over the last five days. Nevertheless, the company has shown a year-to-date increase of 2.91% and a 27.16% gain over the last six months. In its Q4 2024 earnings report, Amazon highlighted a significant rise in advertising revenue, which reached $17.3 billion, showcasing an 18% quarter-over-quarter growth. Future performance will largely depend on continued growth in e-commerce and AWS amid heightened competition.
Amazon's future stock performance will depend largely on its growth in e-commerce, AWS offerings, and advertising revenue as competition intensifies.
Despite gaining 0.52% on Wednesday, Amazon's shares are still down 1.58% over the past five trading sessions; however, the stock remains up 35.64% year-over-year.
Amazon's advertising revenue soared, reaching $17.3 billion, partly due to streaming records set by Thursday Night Football, demonstrating strong growth in its ad business.
Amazon was recently rated by BMO Capital Markets as 'Outperform' with an upgraded price target, reflecting Wall Street's ongoing confidence in the company's potential.
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