5 Reasons to Buy Amazon Stock Like There's No Tomorrow
After examining many stocks in today's market, I've concluded that Amazon (NASDAQ: AMZN) is one of the best buys available. Even though it's had a strong 2024, up 11%, I still think there is room for upside. I've pinpointed five factors that make Amazon a strong buy now, even with its great performance in 2024.
While Amazon is well-known for its commerce business, it has quietly transitioned to a service business. These divisions include third-party seller services, advertising services, subscription services, and its cloud computing business, Amazon Web Services (AWS). Combined, these segments brought in $92.9 billion in revenue versus the commerce side's revenue of $75.7 billion.
This is critical, as these services are vital for many businesses, which makes them more sustainable. Additionally, even though Amazon doesn't break out the profitability of each division, looking at similar companies like Shopify for third-party sellers or Alphabet for advertising, it's evident that services have much better margins.
Source Fool.com
Alphabet Inc. A Stock
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 13.42% for Alphabet Inc. A compared to the current price of 156.06 €.
