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Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
Analysts at Coin Price Forecast do offer a 2034 projection for Amazon stock, estimating a 10-year price increase of 276%, to $672 per share. Reasons Amazon Might Still Be a Good Buy.
The price of Amazon stock is shown on a screen at the Nasdaq MarketSite, Wednesday, Dec. 20, 2017, in New York. (Mark Lennihan/AP Photo, File) (ASSOCIATED PRESS)
The median 12-month Amazon stock price forecast is currently $174, or about 24% above current levels. Is Amazon a Good Long-Term Investment?
As IBD noted, of the 63 Amazon analysts following Amazon, 95% hold a Buy rating on the stock, according to FactSet. On average, the analysts have a 12-month price target of $212.45 for Amazon ...
Amazon CEO Andy Jassy on stage at the 2022 New York Times DealBook on Nov. 30, 2022, in New York City. (Thos Robinson/Getty Images for The New York Times) (Thos Robinson via Getty Images)
Jeff Bezos. Jeffrey Preston Bezos ( / ˈbeɪzoʊs / BAY-zohss; [2] né Jorgensen; born January 12, 1964) is an American businessman, media proprietor and investor. He is the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and cloud computing company.
As part of his initial compensation package, Jassy received 61,000 shares of Amazon stock, worth over $5.62 million at today’s price, vested over a 10-year period.