Amazon AMZN stock price is trading near multi-month highs, with traders watching earnings guidance for confirmation of sustainable growth trajectory. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Greg Bensinger joined Reuters as a technology correspondent in 2022 focusing on the world's largest technology companies. He was previously a member of The New York Times editorial board and a technology beat reporter for The Washington Post and The Wall Street Journal. He also worked for Bloomberg News writing about the auto and telecommunications industries. He studied English literature at The University of Virginia and graduate journalism at Columbia University. Greg lives in San Francisco with his wife and two children. Consensus estimates imply Amazon AMZN stock price could rise 5–8% over the next month, driven by seasonal demand and operational efficiency gains.
