##We asked ChatGPT what will be Amazon (AMZN) stock price in 2030

 

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Amazon (NASDAQ: AMZN) is a leader in the e-commerce industry, and its stock price is influenced by a variety of factors, including the growth of online retail, competition, global economic conditions, and regulatory concerns.

Investors are increasingly looking to alternative methods, such as artificial intelligence (AI), to assist them in better predicting the price of Amazon shares. This is due to the multiple variables that may affect the price of a company. 

As a result, Finbold sent the question to the AI tool ChatGPT, asking it to propose a likely pricing range for AMZN stock by 2030, taking into account the demand for goods, its Amazon Web Services (AWS), and overall market circumstances. ChatGPT stated:

“In recent years, Amazon has experienced significant growth, driven by the continued shift towards online shopping and the success of its cloud computing and advertising businesses. Additionally, Amazon has expanded into new markets, such as healthcare and grocery, which could provide further growth opportunities in the future.”

Given Amazon’s forays into untapped industries like healthcare and grocery, where it stands to benefit from potential future development. When paired with Amazon Web Services (AWS), which controls 33% of the market for cloud infrastructure service providers it provides strong growth potential down the road, as per Finbold dat

AMZN stock price prediction

While the AI chat tool is useful it is also important take other metrics into consideration such as deep learning algorithms and stock market analysts, when trying to gauge a future price range.

Finbold gathered projections made by CoinPriceForecast, the finance prediction platform that uses machine self-learning technology, to predict Boeing’s stock price for the end of 2030 to compare alongside ChatGPT’s estimate.

According to the latest long-term forecast, retrieved by Finbold on February 27, Amazon’s price will climb above $320 in 2030 and hit $327 by the end of the year marking a 250% increase from today to the year’s end.

In a shorter term time frame, analysts on Wall Street have given Amazon a consensus ‘strong buy’ rating from 54 analysts. Notably, 41 have suggested a ‘strong buy’ and 8 a ‘buy.’ The remaining 5 analysts were with ‘hold’ at 4 and ‘strong sell’ with only 1.

Based on analyst stock evaluations for AMZN over the last three months, the average price forecast for the next year is $132.51; the target indicates a 41.72% upside from its current price. Interestingly, the highest price target over the next year is $150, +60.43% from its current price of $93.50.

However, despite the bullish outlook, Amazon also faces challenges, including increasing competition, regulatory scrutiny, and concerns around employee working conditions and unionization. It is important to note that the ranges mentioned above are highly speculative and subject to many variables and market conditions.