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Since the 2015 fiscal year, the online trading company has recorded no losses and was able to convince with its marked growth in sales and profits. This positive trend seems to be continuing, at least with regard to the earnings forecasts collected by FactSet Research. There has been a significant upward trend in the last three months. During this period, badysts' average estimates for the second quarter increased significantly from $ 1.42 to $ 2.47 (Q1: $ 3.27) per share, but did not increase. not reached the level of the previous quarter. For the current third quarter, badysts' average estimates increased from $ 1.05 to $ 1.69 per share.
The optimistic judgments of badysts should not be a big surprise. Of the 48 badyst opinions collected by FactSet Research, 41 currently purchase ("buy") and five overweight ("overweight") Amazon. A neutral position ("Hold") only takes two badysts. However, there is no rating considered pessimistic ("underweight" or "sold"). The range of respective price targets is extraordinarily high, ranging from $ 1,700.00 to $ 2,200.00, giving an average of $ 1,916.00 (currently $ 1,814.00).
Amazon makes an impressive record
Interrupted by more or less strong corrections, the stock of Amazon has made a rapid upward movement for ten years and has since increased by a factor of 150. Earlier this year, the stock even broke out of the upward trend. Last week, a new record was reached at $ 1,844. Although the Relative Strength Index indicator currently shows an overbought situation at 76%, over the last three years this has been the case more than ten times – but RSI sales signals have not not yet sustained damage.
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Sources of images: Hadrian / Shutterstock.com, Jonathan Weiss / Shutterstock.com, Eddy Galeotti / Shutterstock.com
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