Amazon stock (AMZN) is currently trading at the $266 price level and is mostly trading sideways this year. Its price rallied after Trump reclaimed the White House in November but stalled after he took office and imposed tariffs. The normal flow of business and trade is being affected due to tariffs making the stock market jittery. However, analysts predict that buying Amazon stock at these lower levels could prove beneficial as it could surge in value by 2030.
Also Read: De-dollarization: Is a Gold-Backed Currency the Ultimate Solution? Expert Weighs In
The long-term price prediction for Amazon stock remains solid with strategists forecasting a rapid surge in value in 2030. In this article, we will highlight how high AMZN could reach in the indices in the next five years in 2030.
Amazon: AMZN Stock 2030 Price Prediction
Stock brokers evaluation firm Traders Union has painted a bullish picture for Amazon stock in 2030. According to the prediction, AMZN could reach a high of $321 and its average price could be around the $311 mark. That’s an uptick and return on investment (ROI) of approximately 40% from its current price of $266.
Also Read: Mysterious Trade: US Congresswoman Buys German Arms Manufacturer Stock
Therefore, an investment of $10,000 could turn into $14,000 if the price prediction turns out to be accurate. The long-term price developments for Amazon stock look promising as the firm is aiming to ace the artificial intelligence (AI) sector. It is now competing with other tech giants Google, Facebook, X, and Nvidia, among others in the diverse AI markets.
Amazon is also leveraging AI in its cloud services making it gain a competitive edge among its contemporaries. If the tech giant aces the sector and comes out on top, its stock could surge further in value. Therefore, taking an entry position now and holding on to AMZN stock till 2030 and beyond could reap the desired profits. Read here to know how high Apple (AAPL) stock could surge in value in the next 10 years in 2035.
Also Read: Shiba Inu: SHIB Price Prediction 5 Days From Now