ACC201 Week 5 Discussion 2 Analyst’s Research

In order to gain an understanding of whether or not investing in Amazon is a good idea, it is best to look at the information provided by NASDAQ such as the InfoQuotes, analyst research, and the summary quote.. Based on the information provided by the analyst research and the detailed analyst recommendation Amazon is considered to be a strong buy. There were 28 total rates with 25 strong buys, 2 buys, and 1 hold making 93% of the recommendations being a strong buy. There were 17 analyst firms that made recommendations. The average consensus rating was bullish with 89% of 9 ratings. The rating is relatively the same as previous weeks and has a historical rating of bullish with 80% of 738 ratings. Looking at the historical data for the common stock prices we can see that the price fluctuates. Like all publically traded companies, Amazon also experiences hardships despite its overall good reputation and well-known name. Considering the data collected from 08/23/19 to 09/03/2019 the price of common stock for Amazon had an overall increase. Although there are highs and lows throughout the week the overall direction of the price is upward. As of today, there was a net increase of 0.6% with a final closing price of $1,800.62.

Resources

NASDAQ. 9n.d). Amazon.com , Inc. stock research – analyst summary. Retrieved from https://www.nasdaq.com/symbol/amzn/analyst-research