Should I Buy Amazon Stock After the Split? What 3 Pros Say

InvestorPlace / 07 Jun 2022

Experts are bullish on AMZN stock after the stock split.

Amazon (AMZN) stock just went through a 20-for-1 split.
This drastically reduced its price to make it easier for more traders to invest.
Experts are weighing in on whether this is a good thing for AMZN stock.

Amazon (NASDAQ:AMZN) underwent a major stock split recently. Now some traders are wondering “should I buy shares” after the split.

AMZN went through a 20-for-1 stock split in order to reduce the price of its shares. This allows the company to reach a wider range of traders. That includes those that couldn’t afford the stock at its much higher price.

To put the 20-for-1 stock split in perspective, shares of AMZN stock are trading for about $ 125 as of Monday afternoon. Prior to the split, the company’s stock was going for a massive $ 2,447 per share.

Should I Buy Amazon Stock After the Split?

Should investors buy AMZN after the recent split? Let’s see whether now’s the time to buy shares according to experts and pro commentators.

“Investing in tech titans can be a sensible strategy for the long run […] Don’t hesitate to grab a few Amazon shares today — it should be easier now that they’re cheaper.” — David Moadel, InvestorPlace contributor
“Following a significant capital-investment cycle to support a rapid expansion of e-commerce volumes during the COVID-19 pandemic and to support the rollout of one-day and same-day Prime shipping options, we believe that investment intensity is now downshifting to a more sustainable pace.” — Brian Fitzgerald, Wells Fargo analyst, per The Street
“Long-term, the stock is still a great investment […] Investors would be smart to buy shares on the dip and hold them in their portfolio for the long haul.” — Joel Baglole, InvestorPlace contributor