Forecast Of The Day: Amazon Web Services Revenue

+60.86%
Upside
114
Market
183
Trefis
AMZN: Amazon logo
AMZN
Amazon

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?

Relevant Articles
  1. Forecast Of The Day: Amazon’s International Revenue
  2. Amazon Stock Missed The Earnings Consensus In Q1, Is It A Buy?
  3. Will Amazon’s Stock Rise After Buyback And Stock Split Announcement?
  4. Company Of The Day: Amazon
  5. Forecast Of The Day: Amazon North America Revenues
  6. 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

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates