Do Wall Street Analysts Like Amazon Stock?

Amazon.com, Inc. (AMZN) is a Seattle-based e-commerce and cloud giant with a market cap of over $1.9 trillion. The company dominates global online retail through its Prime program and expansive distribution network. Additionally, Amazon leads the charge in cloud computing with Amazon Web Services (AWS) and revolutionizes consumer electronics with its innovative Alexa-powered devices.

Shares of the e-commerce giant have significantly outperformed the broader market over the past 52 weeks. AMZN has gained 59.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.5%. In 2024, shares of AMZN are up 21.6%, compared to SPX's 11.2% gains on a YTD basis.