The Reasons Amazon (AMZN) Should Be Your Top Long-Term Growth Stock Pick

Any investor, regardless of their age or level of experience, should strive to maximize their returns from the stock market and invest with self-assurance. These are aims that are shared by all investors.

The Zacks Style Scores are a one-of-a-kind set of criteria that grade companies according to popular investing approaches, including value, growth, and momentum. These scores make it easier to achieve the goals that you have set for yourself.

You will be able to narrow down which stocks are better for your portfolio and which ones have the potential to outperform the market over the long run with the assistance of the Style Scores. One of the Reasons Why You Should Keep an Eye on This One Growth Stock

Growth-oriented investors, in contrast to value or momentum investors, are concerned with the entire financial health and strength of a firm, as well as the future potential of a particular stock. As a result, they will want to concentrate on the Growth Style Score, which is a scoring system that examines factors such as predicted and historical earnings, sales, and cash flow in order to identify businesses that will see growth that is both sustainable and long-term.

Amazon (AMZN) is a As one of the most extensive providers of e-commerce services, has expanded its operations beyond the borders of North America and is now present in other parts of the world.

In addition to having a Growth Style Score of A and a VGM Score of A, AMZN is a stock that has a Zacks Rank of #2 (Buy). During the current fiscal year, it is anticipated that earnings will increase by 40.7% compared to the previous year, while sales will increase by 11.6%.

The Zacks Consensus Estimate has increased by $0.40 to $4.08 per share, while 15 analysts have moved their profits estimate upward in the last sixty days for the fiscal year 2024. According to AMZN, the average earnings surprise for the company is 51%.

When it comes to cash flow, it is anticipated that Amazon will post a cash flow growth of 59.4% this year; AMZN has generated cash flow growth of 25.3% over the course of the past three to five years.

Stay turned for development