Amazon (NASDAQ:AMZN) was uniquely positioned to take advantage of the pandemic. The rapid increase in online shopping has been a huge boost to the company. With coronavirus vaccines now being distributed, are Amazon shareholders going to feel a letdown? Don’t count on it. In fact, Amazon stock just got a big price target increase, with a Bank of America analyst predicting AMZN will hit $4,000.
The company reports Q4 earnings — which include the all-important holiday shopping season — on Feb. 2. Look for that to kickstart another round of growth for AMZN shares.
Amazon is an A-rated Portfolio Grader stock. It has a proven track record for growth, but offers the safety of a solid foundation. That’s important for when economic conditions change and result in market turbulence. That’s why Amazon features prominently in my list of seven “Mega-Cap Stocks With