Friday, March 29, 2019

Will Amazon become $6,000 Per Share?

The stock market is not always predictable, especially in changing economic times. Online shopping companies are starting to emerge to become powerful foundations for the world's economy. Consumers are finding it more practical to shop online for gifts and even everyday items. According to Investopedia, "Amazon had the second highest P/E ratio among the FAANG stocks at 138." This is incredible due to it's steady increase in earnings just over the past five years. According to the app RobinHood the opening stock price for Amazon (AMZN) was around three hundred dollars. The price today has tripled and Investopedia states by 2024 one stock will reach around six thousand five hundred dollars. [1 image, 1 link, 1 quotation, 112 words]

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