$AMZN Amazon Stock Analysis 2024: Fundamental and Technical Insights
What's the outlook for the largest eCommerce company?
The 5 big questions for Amazon stock in 2023 and into 2024 are:
AWS Revenue Growth: Will Amazon's most profitable business, AWS, be able to sustain its growth, especially with a projected 10% increase in sales in 2024, which is a significant drop from the nearly 29% growth in 2022 and 12% in 2023?
Ad Business Growth: How will Amazon's ad business, which is growing into a major profit center, perform in 2024, especially with the company's plans to launch limited ads on its Prime Video platform for TV shows and movies?
Ecosystem and AI: How will Amazon's Prime ecosystem and the introduction of Amazon Q, a chatbot for businesses, impact its performance in 2024?
Financial Forecasts: What are the financial forecasts for Amazon in 2024, especially in terms of adjusted earnings per share, which are projected to increase to $3.46, up from $2.06 in 2023?
Competition from Shein and TikTok: How will Amazon compete in fashion with the fast growing Shein and with real-time commerce that TikTok is enabling?
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