Advertisement
New Zealand markets open in 5 hours 12 minutes
  • NZX 50

    12,184.49
    +61.35 (+0.51%)
     
  • NZD/USD

    0.6041
    -0.0037 (-0.60%)
     
  • ALL ORDS

    8,243.30
    -19.10 (-0.23%)
     
  • OIL

    80.90
    -1.01 (-1.23%)
     
  • GOLD

    2,466.90
    +38.00 (+1.56%)
     

Why Amazon (AMZN) is a Top Growth Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

ADVERTISEMENT

Amazon (AMZN)

Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe.

AMZN boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 57.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 11%.

13 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.50 to $4.58 per share. AMZN also boasts an average earnings surprise of 48.2%.

On a historic basis, Amazon has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AMZN should be on investors' short lists.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research