Forecast Of The Day: Amazon Web Services Revenue

+15.49%
Upside
177
Market
205
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. Up More Than 100% Since The Start Of 2023, Where Is Amazon Stock Headed?
  2. Amazon Stock Outperformed The Q3 Estimates, What’s Next?
  3. Amazon Stock Is Up 50% YTD, Can It Top The Estimates In Q3?
  4. Amazon Stock Surpassed The Street Expectations In Q2
  5. Amazon Stock Is Undervalued
  6. Amazon Stock To Beat The Consensus In Q1

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