There has been no shortage of volatility present in the stock market over the last several weeks. However, some companies have emerged as key potential buys entering the midpoint of February. Chief among them may be Amazon (AMZN), as it has grown in two key markets on its way to a record $638 billion in revenue.
The company has certainly benefitted from the ongoing growth of its cloud-computing business, Amazon Web Services (AWS). Yet, its diversification has been to its benefit, as it recently surpassed revenue tycoon Walmart (WMT) for the first time in its history.
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Amazon Surges in Two Key Markets Amid Historical Revenue Mark
Although we are less than two months into the year, 2025 has been kind to Amazon. At the end of January, the stock was nearing an all-time high with a highly anticipated earnings report on the horizon. Now, the company’s status and dominance may only be reinforced on a global scale.
Indeed, Amazon (AMZN) has recorded significant growth in two key markets as it surged to a record $638 billion in revenue. Moreover, its success overseas has only enhanced the growth prospects that the stock has. Specifically, it looks to solidify its position as one of the lowest-risk stocks on Wall Street.
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In 2024, data shows that Amazon outpaced the e-commerce market in both Germany and the United Kingdom. Specifically, the company recorded 8.7% and 12.7% growth in the two markets, respectively. Moreover, its revenue jumped 11% with the added market share. All the while its net profit doubled to more than $59 billion.
Although the stock dropped more than 1% Tuesday, it is still looking very strong. It is widely expected to continue outpacing the market over the next 12 months on the back of its cloud computing and online sales strength.
The positive outlook on Amazon as a stock is a near consensus on Wall Street. Of 72 analysts surveyed by CNN, 94% have a buy rating on the stock, with just 6% calling to hold. Moreover, the stock has a median price target of $235, with a high-end projection reaching $285, a 23% increase from its current position.
Its sales have combined with strong financials to support the bullish perspective. The company’s net income reached $20 billion over last year, according to Q4 earnings, a 48% jump. That isn’t all, as its earnings per share and net profit market surged 85% and 70%, respectively, over the last year.