Everyone knows the AWS story, but three faster-growing businesses quietly running alongside it could change how investors value Amazon entirely.
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The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $329.19 over the next 12 months. With the stock at $253.83, that target means 29.7% upside. Amazon earns a buy rating with fairly high confidence from our model.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $253.83 |
| Price Target from 24/7 Wall St. | $329.19 |
| Upside/Downside | 29.7% |
| Recommendation | BUY |
| Confidence Level | 70% |
Most of the debate centers on AWS. The less-discussed story is everything around it. Advertising grew 26% to $19.8 billion last quarter, the chips business passed a $25 billion run rate with triple-digit growth, and Amazon…
