Amazon (AMZN) revealed that more than 1 million people from over 170 countries applied for jobs at its virtual Career Day 2021, held on September 15.
Further, over 2,000 Amazon recruiters provided 30,000 free individual career coaching sessions to participants in a single day.
On top of this, Amazon said it is offering all participants who get hired as regular full-time employees a range of comprehensive benefits, irrespective of their role or position. The benefits will include health care coverage, up to 20 weeks of paid parental leave, and Amazon’s Career Choice program, which include payment of full college tuition, high school diplomas, and GEDs for its hourly employees.
Amazon is one of the biggest job creators in the U.S. Further, according to a recent survey by LinkedIn, it is the highest-ranked company where Americans wish to work and pursue their careers.
Shares of the online retailer with an additional focus on cloud computing, digital streaming, and artificial intelligence have gained around 17% over the past year. (See Amazon stock charts on TipRanks)
Beth Galetti, SVP of People eXperience and Technology at Amazon commented, “We think Amazon is a great place to work for those who crave the freedom to invent, the chance to make a big impact, and an inclusive workplace to do so. We are glad so many people joined Career Day to learn more about the jobs we have to offer.”
Goldman Sachs analyst Eric Sheridan recently initiated coverage on Amazon with a Buy rating and price target of $4,250 (22.7% upside potential).
Sheridan believes that Amazon is a core long-term holding based on “multiple long-term runways” driving sustainable growth of over 15%, as well as margin expansion.
Further, he thinks that the industry has “ample opportunities” for secular growth and higher efficiencies aided by greater scale in the years to come.
Consensus among analysts is a Strong Buy based on 31 unanimous Buys. The average Amazon price target of $4,220.14 implies 21.9% upside potential to current levels.
AMZN scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.