Connect with us

Business

Amazon Stock Price and Earnings Expectations: Latest Updates

Published

on

Amazon Stock Price Chart October 2024

As of October 31, 2024, Amazon‘s stock price is currently at $185.45 USD, marking a 1.00% increase over the past 24 hours.

Ahead of Amazon’s third-quarter earnings report, which is set to be released after the closing bell on Thursday, October 31, investors are closely watching the company’s performance. The stock has seen a significant year-to-date increase of 27% through Wednesday.

The market is anticipating a notable move in Amazon’s share price post-earnings, with implied volatility suggesting a potential move of around 5.8%, or $10.75. This is slightly lower than the median move of 7.3% observed over the past eight quarters.

Wall Street analysts remain bullish on Amazon, with a current consensus 1-year price target of $220.00, indicating a potential upside of 14.88% from the current price). However, there are concerns about slowing retail margins and the company’s increasing investments in various business areas).

Key areas of focus for investors in the upcoming earnings report include the performance of Amazon’s cloud platform and its advertising business, as well as the overall health of its consumer segment).

Times News Global

Times News Global is a dynamic online news portal dedicated to providing comprehensive and up-to-date news coverage across various domains including politics, business, entertainment, sports, security, features, opinions, environment, education, technology and global. affairs. Our commitment lies in sharing news that is based on factual accuracy, credibility, verifiability, authority and depth of research. We pride ourselves on being a distinctive media organization, guided by the principles enshrined in Article 19 of the Universal Declaration of Human Rights. Made up of a team of ordinary people driven by an unwavering dedication to uncovering the truth, we publish news without bias or intimidation.

Recent Posts

X WhatsApp