Forecast Of The Day: Amazon Web Services Revenue
What?
Amazon’s (NASDAQ:AMZN) Amazon Web Services Revenue rose from around $35 billion in 2019 to about $62 billion in 2021. Trefis expects the metric to rise to over $80 billion in 2022 and to about $101 billion in 2023.
Why?
We expect growth to be driven by rising demand for web services, as companies look to cut their IT infrastructure costs. Moreover, growth in online media and e-commerce could also drive AWS revenues.
So What?
We don’t think the full potential of AWS is priced into Amazon stock. We value Amazon at about $4,100 per share, about 38% ahead of the current market price.
See Our Complete Analysis For Amazon
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| AMZN Return | -4% | -12% | 292% |
| S&P 500 Return | 0% | -8% | 96% |
| Trefis MS Portfolio Return | -1% | -11% | 249% |
[1] Month-to-date and year-to-date as of 3/4/2022
[2] Cumulative total returns since the end of 2016