Amazon is already a titanic company, commanding $1.8 trillion in market cap. Goldman Sachs believes it can get even bigger.
In fact, the bank calls the e-commerce giant its top internet stock pick for 2022.
“AMZN is exposed to a multitude of broader secular growth themes, including e-commerce, advertising, cloud computing, media consumption and consumer subscription adoption,” says Goldman analyst Eric Sheridan.
In Q3, Amazon brought in $110.8 billion in net sales, representing a 15% increase year-over-year. For the current quarter, management expects sales to come in between $130 billion and $140 billion.
Today, Amazon trades at over $3,500 per share. Goldman sees plenty more upside, as it has a Buy rating and a $4,100 price target on the stock.
If the current price tag is too steep, you can always get a piece of Amazon using a popular app that allows you to buy fractions of shares with as much money as you are willing to spend.
Meet Your Retirement Goals Effortlessly
The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way
WiserAdvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.Get Started
Bitcoin may have recently dipped below $60,000 apiece, but this cryptocurrency exchange platform continues to be a hot commodity. Since the beginning of October, Coinbase shares have surged more than 50%.
As the largest crypto exchange in the U.S., Coinbase makes money whenever people buy and sell on its platform. In Q3, the company had 7.4 million users buying or selling at least once a month, with the total number of verified users growing to 73 million.
“While COIN remains a difficult to predict financial model with broader adoption trends and the development of the crypto ecosystem driving shares on a day-to-day basis, we continue to believe COIN represents one of the best ways to get exposure to the expansion of the crypto ecosystem,” Goldman analysts say in a recent report.
Goldman’s price target on Coinbase is $387, about 13% higher than where shares stand today.
Home Depot (HD)
As a decades-old brick-and-mortar retailer, Home Depot doesn’t seem nearly as exciting as Amazon and Coinbase — but if you held on to some shares, you’d be smiling.
Trading at around $399 per share, Home Depot has returned more than 50% in 2021. Over the past five years, the stock has more than tripled.
Goldman sees yet more returns on the horizon for the home improvement retailer, recently raising its price target on the company to $428.
There are good reasons to be bullish. In the third quarter, total sales increased 9.8% year-over-year to $36.8 billion, and earnings per share surged 23.3% to $3.92.
Both top and bottom line numbers handsomely beat Wall Street’s expectations. On average, analysts were projecting earnings of $3.40 per share on $35 billion of revenue.
Stop overpaying for home insurance
Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.
SmartFinancial can help you do just that. SmartFinancial’s online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.Explore better rates
Think outside the stocks
Keep in mind that even the best Wall Street analysts don’t always get it right. Plenty of big names are predicting a substantial stock market crash in the near future.
If you want to invest in something that’s not subject to the whims of the stock market, you may want to consider an overlooked asset: fine art.
Contemporary artwork has outperformed the S&P 500 by a commanding 174% over the past 25 years, according to the Citi Global Art Market chart.
Investing in art by the likes of Banksy and Andy Warhol used to be an option only for the ultra rich. But with a new investing platform, you can invest in iconic artworks, too, just like Jeff Bezos and Bill Gates do.
Follow These Steps if you Want to Retire Early
Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.
Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.