Is Amazon Stock a Buy Now?
There may be some real no-brainer buys in the stock market, but every stock requires a full evaluation before purchasing. Even Amazon (NASDAQ: AMZN), king of e-commerce, has been dealing with its own struggles lately. But it's also rebounding now with accelerating growth. Let's explore the data and see if Amazon stock is a buy today.
E-commerce is Amazon's meat and potatoes, so to speak. Amazon began as a bookseller, and within a few years it had acquired several other e-commerce companies and was on its way to becoming the giant it is today. Despite the preponderance of e-commerce companies that took off early in the pandemic, Amazon has maintained an incredible lead over its competitors, with about 38% of the total U.S. e-commerce market share, according to Statista.
It's also taking steps to get even better. It recently restructured from a national to a regional fulfillment network with eight regions. CEO Andy Jassy noted that as e-commerce accelerated early in the pandemic, Amazon had to massively expand to meet rising demand, with its logistics network becoming as big as in about two years.
Source Fool.com
United Parcel Service Inc. Stock
We see a rather positive sentiment for United Parcel Service Inc. with 18 Buy predictions and 2 Sell predictions.
With a target price of 147 € there is a positive potential of 22.95% for United Parcel Service Inc. compared to the current price of 119.56 €.
