A Look at Why Amazon (AMZN) Is a Great Stock for Growth

Maximizing one's potential in the stock market and doing so with self-assurance are universal objectives for investors of all ages and levels of expertise.  

The Zacks Style Scores are a one-of-a-kind set of rules for evaluating companies according to three widely used investing methodologies: growth, momentum, and value. They make it easier to achieve these goals. With the Style Scores, you can more easily determine which stocks are better suited to your portfolio and have a better chance of outperforming the market in the long run.  

Reasons to Keep an Eye on This One Growth Stock In contrast to value and momentum investors, growth-oriented investors focus on a company's long-term financial health and potential. To identify businesses with long-term growth potential, they should pay close attention to the Growth Style Score, which takes into account factors like sales, cash flow, and predicted and historical earnings.  

A company called Amazon (AMZN) With its massive operations in North America, Amazon.com has expanded across the world to become one of the leading e-commerce companies.  

With an A for Growth Style and an A for VGM, AMZN is a Hold stock according to Zacks Rank #3. We anticipate an increase in revenue of 11.6% and an increase in earnings of 40.7% year over year for the current fiscal year.  

Within the past 60 days, three analysts have raised their earnings forecast for fiscal 2024, with the Zacks Consensus forecast going up $0.05 to $4.08 per share. On average, AMZN's earnings have surprised investors by 51%.  

Amazon is flush with cash as well. The company's cash flow has grown by 25.3% thus far, and by 2024, it expects to have grown by 59.4%.

AMZN has strong growth fundamentals, a solid Zacks Rank, and excellent Growth and VGM Style Scores, thus it should be considered by investors.  

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