This Behemoth Stock Could Skyrocket 192% in 3 Years -- Here's How

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2023-09-11 13:09:15  • 4 mins

From one perspective, Amazon (NASDAQ: AMZN) seems to defy numerical principles. As companies become large, growth percentages tend to slow from year to year since the company has to produce more to achieve the same percentage increase.

Amazon has managed to sidestep the issues with slowing growth that often plague many larger companies. Despite its massive size, analysts still predict Amazon can generate 192% earnings growth over the next three years. How Amazon is projected to accomplish that seemingly difficult achievement offers a template for other large companies and lays waste to the idea that bigger companies have to settle for modest growth rates.

Amazon's growth path

At a $1.4 trillion market cap, Amazon has become one of the world's largest publicly traded companies. Typically, such large sizes tend to slow down growth because of the need to produce larger nominal increases to yield the same growth percentage.

Where Amazon succeeded is in pushing this growth to the limit. For 2023, estimates from 13 different analysts for the company's earnings stand at a consensus level of $2.23 per share. Only two analysts have projected earnings to 2026, but those two believe profits will rise to a consensus $6.51 per share.

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