After the recent general crash in tech stocks, AMZN has recovered, surging 18% from its yearly low price of $2,951 recorded on March 8th. On a year-to-date basis, the stock is up 9.5%, a build-up from the 2020 gains accelerated by the coronavirus pandemic that resulted in a major shift to eCommerce products.
Analysts remain confident AMZN will outperform
AMZN stock to get a boost from revenue
Strong revenue has always boosted investor confidence in any stock and AMZN does not appear to struggle in this area. As of Q1 2021, the company was generating $837,350 in revenue per minute representing a growth of 44.04% from the $582,200 recorded during the same period in 2020. [robinhood]
