Amazon (AMZN), the e-commerce and cloud giant, saw an outstanding performance in 2024, reaching an all-time high of $233. Gaining 50%, Amazon

Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split-adjusted price of $.07. Today,

Amazon (AMZN) investors, as the stock is up 48% based in the year to date. The e-commerce giant is outperforming the S&P 500 Index ($SPX) and hit record highs after Election Day. Can Amazon keep it up into the new year and beyond?

Another reason to be leery of buying Amazon stock in the new year is the economic uncertainty. We've already seen the Federal Reserve indicate tentativeness about the number of interest rate cuts on the way in 2025. If the Fed becomes more nervous about the U.S. economy, it could signal bad news for Amazon.

I predicted that Amazon's cloud growth would reaccelerate. In the three quarters reported thus far in 2024, revenue for Amazon Web Services (AWS) has increased 18% year over year, including 19% growth in Q3. That's up from 13% growth in 2023, so I'll put that in the win column.

Apple, Amazon and Tesla did not end the year with new 52-week highs. These most actively traded NYSE stocks hit highs earlier in December and then their prices began fading away again. On the other hand,

Amazon stock had a strong 2024 but still has room to run according to analysts who say AMZN is their top 2025 pick.