Amazon Stock Could Double to $20,230 by 2036

Amazon's recent performance has been impressive, with an average annual return of 20.24% over the past decade and 22.33% over the past 15 years.

The stock has recently lagged behind the S&P 500 index, which averaged annual gains of around 12% over the past five years.

However, Amazon's shares seem undervalued at current levels, with a forward-looking price-to-earnings (P/E) ratio of 23, well below its five-year average of 39.

A $5,000 investment in Amazon today could be worth around $20,230 in 10 years, assuming an annual growth rate of 15%.

This estimate is based on the company's solid performance and growing cloud computing platform, as well as its significant investments in artificial intelligence (AI) specialist Anthropic.