The US stock market is beginning to normalize after months of increased volatility. As Wall Street bounces back, investors are flocking to some of the shares with the most potential. Among them is Amazon (AMZN), as billionaire Bill Ackman has bought in on the stock, so should you follow suit?
There are few companies that have the kind of upside that the e-commerce juggernaut has. Yet, it had failed to make notable headway in terms of its price movement due to increased concerns around tariffs and export restrictions. Now, those seem to have calmed, which once again makes the stock among the best opportunities on the market.
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Amazon Gets Grabbed by Bill Ackman: Should You Follow His Lead?
The US stock market has enjoyed some moderate sustained gains over the last week. Thursday saw both the S&P 500 and Nasdaq jump on both the news of a federal court blocking US President Donald Trump’s tariff plan and Nvidia (NVDA) earnings overperforming.
That reconfiguration of market potential has many investors eyeing what could be the best move to make next. One stock that is getting loads of attention is Amazon (AMZN) after billionaire Bill Ackman bought in on the stock. Should you follow his lead with the tech giant?
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Amazon is up 900% over the last decade and has long been one of the market’s most dominant brands. Subsequently, reports note that Pershing Square’s Ackman recently bought in on a new position in the company. Interestingly, he isn’t alone, as 46 out of 53 analysts have given the company a “strong buy rating.
Shares of the firm are up more than 9% over the last 30 days, with a bright future ahead of it. It has a median price target of $235, according to compiled CNN data. Moreover, its bullish projection sits at $288, showcasing 40% upside. Alternatively, its bearish outlook is at the $195 level with just 5% downside risk for the stock.
That reinforces that Amazon is among the best investments you can make right now, aligning with Bill Ackman’s position on the stock. With earnings per share up 62% on the year and net profit margin skyrocketing 51%, it should be able to thrive in a market that is likely to find its footing.