Amazon Stock Is Soaring: What Will This "Magnificent Seven" Company Be Worth in 2025?
Amazon (NASDAQ: AMZN) stock went on an incredible run over the last year. Since the start of 2023, shares of the technology giant are up over 102%, absolutely crushing the returns of the broad market indices and keeping up well with its "Magnificent Seven" counterparts. The e-commerce and cloud computing leader just posted another strong earnings report for the fourth quarter of 2023, with investors praising the company's combination of growth and expanding margins.
Today Amazon has a market cap of $1.77 trillion, making it the fourth-most-valuable company in the world. Even better, it looks like the party is just getting started for Amazon shareholders. Here's how much the Magnificent Seven stock could be worth by 2025.
Every part of Amazon's business was humming in the fourth quarter of 2023. North American net sales (e-commerce, subscriptions, and advertising) grew 13% year over year to $105.5 billion. International sales were up even more, posting 17% year-over-year growth and a $40 billion revenue level just in Q4. Lastly, Amazon Web Services (AWS), the company's cloud computing division, posted 13% revenue growth and is closing in on a $100 billion annual revenue run rate.
Source Fool.com
