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Amazon.com Inc. might be the world's largest online retailer, but don't sleep on its Hollywood ambitions. Amazon Prime Video is giving traditional entertainment players such as Walt Disney Co a run for their money.
Amazon: E-Commerce Juggernaut Flexes Its Streaming Muscle
While 75% of Amazon's revenue still comes from its core retail operations, its streaming service is an underrated gem, especially as part of the broader Amazon ecosystem. AWS (Amazon Web Services) chips in another 15%, making this company a multi-pronged powerhouse.
Source: Benzinga Report – AMZN
Amazon stock is up 31.81% over the past year and 23.06% year-to-date. Analysts are confident, too, projecting a 12-month price target range of $200 to $265, with an average of $232.50, signaling a potential 30.49% upside.
Chart created using Benzinga Pro
Technically, Amazon stock is in great shape. It's trading above its eight-, 20-, 50-, and 200-day simple moving averages, flashing bullish signals all over the place. But the options market is a bit more cautious, with sentiment leaning negative, and selling pressure is starting to build.
Still, with a five-year Sharpe ratio of 1.0927, Amazon is outperforming the competition, showing its resilience even in turbulent markets. Prime Video is a secret weapon in its continued dominance, offering consumers both retail therapy and binge-worthy content in one subscription.
Read Also: CrowdStrike, Amazon, And NVIDIA Team Up To Empower Cybersecurity Startups
Disney: Struggling To Reignite The Magic
Walt Disney is synonymous with entertainment, but lately, it's been lagging behind Amazon on the stock chart and in the streaming wars. Disney+ was meant to be its big-ticket to streaming success, but the numbers aren't as magical as investors hoped.
Disney’s stock is up a modest 7.61% over the past year and a paltry 0.86% year-to-date, making Amazon's gains look like a bull stampede.
Source: Benzinga Report – DIS
Analysts are giving Disney a 12-month price target range of $94 to $145, with an average of $119.50, which represents a 32.20% potential upside. While Disney's entertainment, sports (ESPN) and theme parks still bring in significant revenue, its five-year Sharpe ratio of -0.8229 indicates it’s been a bumpy ride for shareholders compared to industry peers.
Chart created using Benzinga Pro
The technicals aren't helping Disney's case either. While Amazon stock is riding high on multiple bullish signals, Disney stock is struggling, with its stock trading barely above key moving averages.
The options market is showing negative sentiment here, too, leaving investors to wonder when, or if, the House of Mouse will return to its former glory.
Streaming Showdown: Prime Vs. Disney+
Amazon’s Prime Video and Disney+ are locked in a fierce battle for streaming supremacy, but it's clear which company is winning in the stock market right now. Amazon is leveraging its diversified business model and Prime bundle to stay ahead, while Disney is facing more hurdles than expected, from slower streaming growth to stock struggles.
With Amazon's stock showing bullish technicals and strong price targets, it's a safer bet for investors looking for both growth and entertainment. Meanwhile, Disney has some catching up to do, not just in the streaming wars but in restoring its magic touch with shareholders.
Read Next:
Photos: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alibaba Group Holding Ltd stock was down Monday as China’s lackluster economic data led to a sell-off, SCMP reports.
The economy also bears the brunt of the U.S. advanced semiconductor sanctions by restricting its access to sophisticated artificial intelligence chips from Nvidia Corp and peers.
Hyperscalers like Alibaba and Baidu, Inc need the chips to accomplish their AI ambitions. AI can prove to be a crucial benefactor for its e-commerce, logistics and cloud businesses, something that Amazon.Com Inc accomplished.
Also Read: Alibaba And Tencent Lap Up Meta’s AI Large Language Model
Last week, the Biden administration announced tariff hikes on Chinese imports, including Chinese electric vehicles, solar cells, steel, aluminum, EV batteries, and critical minerals, effective September 27.
Economic data showed that Chinese industrial production, retail sales, and fixed-asset investment were disappointing in August. Home prices reported a record low in nine years.
Barclays flagged to SCMP the urgency of stepping up policy easing and boosting domestic demand.
The People’s Bank of China (PBOC) told SCMP it could slash banks’ reserve requirement ratio (RRR) by 50 bps, followed by another half-point cut in the first half of next year.
Alibaba stock is down close to 3% in the last 12 months.
Alibaba Stock Forecast For 2030
Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.
If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.
For Alibaba, over the past 5 years, it's annualized stock performance is -13.4%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $40.81.
Using a trend line (see how to perform this function here), If you choose to use a trend line, connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price – be it an outside influence or managerial decision making.
Price Action: BABA stock is down 1.04% at $83.81 at the last check on Monday.
Also Read:
Image via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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