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Barchart
Barchart
Aditya Raghunath

How High Could Amazon Stock Rise?

Amazon Amazon.com Inc. Amazon Web Services e-commerce

Shares of e-commerce giant Amazon (AMZN) have staged a spectacular comeback in 2023. While broader indices such as the S&P 500 ($SPX) and Nasdaq 100 ($IUXX) are up 9% and 20.4%, respectively, Amazon stock is up 37% year-to-date. 

Amazon has significantly underperformed in recent months and currently trades almost 40% below all-time highs. Yet, despite the pullback, AMZN stock has returned over 750% to shareholders in the last ten years and is up a whopping 7,200% since May 2003. 

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