Amazon: My No. 1 Holding Now


  • Despite its stock price being decimated, Amazon remains one of the most significant companies globally.
  • Amazon’s stock likely bottomed in the $80-90 range, and the future downside is limited.
  • On the other hand, the upside is substantial, as the company has excellent growth prospects and immense profitability potential.
  • I added to my Amazon position around the recent lows, making it my single largest stock holding.
Amazon headquarters located in Silicon Valley

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Amazon (NASDAQ:AMZN) stock has surged since I pounded the table on buying the company’s shares around the $80-90 level during the height of the panic-like selling in late 2022 and early 2023. I increased my Amazon position several times around

Year 2023 2024 2025 2026 2027 2028 2029 2030
Revenue Bs $580 $690 $770 $862 $965 $1.07T $1.18T $1.3T
Revenue growth 14% 19% 12% 13% 12% 11% 10% 10%
EPS $2.40 $3.75 $5.50 $7.50 $10 $13 $16.25 $20
EPS growth N/A 56% 47% 37% 33% 30% 25% 20%
Forward P/E 27 28 29 28 27 25 23 20
Stock price $100 $154 $218 $280 $351 $407 $450 $500

Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long a diversified portfolio with hedges.

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