Prediction: Amazon Stock Will Soar Over the Next 5 Years. Here's 1 Reason Why.
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Amazon (AMZN) has been a strong performer for long-term investors but has lagged behind the S&P 500 in 2024. Despite a 17.5% stock rise this year compared to the S&P's 19.5%, analysts predict significant growth over the next five years, fueled by advancements in artificial intelligence and an expanding AWS cloud services and digital advertising business. The company is on track for its highest operating margin as macroeconomic pressures ease, making it likely that ongoing improvements will lead to higher profits and stock value.
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