For a very long time, it seemed Amazon (NASDAQ: AMZN) could do no wrong. In fact, in the decade leading up to Nov. 2021, the company grew revenue by 850%, driving its stock up by more than 1,500%. Then, a perfect storm rolled in. Amazon's lockdown-fueled growth spurt gave way to tough comps, slowing online retail growth, and the worst bear market in more than a decade. As a result, the stock has lost half its value in 52 weeks, plunging 54% from its peak in late 2021.

Yet, despite all the negativity baked into the stock price, I foresee good times ahead for the digital king. Here are three predictions about what to expect from Amazon in 2023.

Image source: Getty Images.

Continue reading

Source Fool.com