Amazon (AMZN) – Get the Amazon.com, Inc. Review Shareholders are on a rollercoaster of emotions. In 2020, AMZN stock gained over 70%. But in 2021, it grew less than 4%, underperforming both the S&P 500 and the tech-rich Nasdaq Composite.
Justin Post of Bank of America (BAK) – Get the Bank of America Corp report expects Amazon to come out on top again. According to the analyst, not only the e-commerce sector will grow, but also the cloud and advertising business will exceed market expectations.
(Read more from the Amazon Maven: Amazon stock: Can 2022 be a year of recovery?)
1. The end of the e-commerce headwind
2021 was marked by a slowdown in Amazon’s e-commerce growth. The main reasons for this were bottlenecks in the labor market and COVID-related bottlenecks in the supply chain. After the company’s strong expansion in 2020, this was a disappointment for Amazon’s valuation.
But according to Bank of America’s Justin Post, those headwinds should ease…