Key Points Amazon needs to compound earnings at 20% per year for the stock to double by 2030. Continued growth in non-retail services, including AWS, can do the heavy lifting for earnings. Amazon’s custom chips and operating leverage could expand margins, even with near-term capex pressure. These 10 stocks could mint the next wave of millionaires › Amazon (NASDAQ: AMZN) stock has a real shot at doubling over the next four years. Analysts are projecting about 20% annual earnings growth, while the stock trades at 20 times forward earnings. Using Amazon's recent share price of $251.35 on Sept. 9, 2026, 100 shares would cost $25,135. Four years of 20% earnings growth would roughly double earnings.
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