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?
- Forecast Of The Day: Amazon’s International Revenue
- Amazon Stock Missed The Earnings Consensus In Q1, Is It A Buy?
- Will Amazon’s Stock Rise After Buyback And Stock Split Announcement?
- Company Of The Day: Amazon
- Forecast Of The Day: Amazon North America Revenues
- Forecast Of The Day: Amazon International Revenues
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
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| 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