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

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

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Amazon (AMZN)

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

AMZN is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 39% year-over-year for the current fiscal year, with sales growth of 11.5%.

15 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.43 to $4.03 per share. AMZN boasts an average earnings surprise of 51%.

Looking at cash flow, Amazon is expected to report cash flow growth of 59.4% this year; AMZN has generated cash flow growth of 25.3% over the past three to five years.

Investors should take the time to consider AMZN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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

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Zacks Investment Research