More than 50% of our millennial investor panel says Amazon is the FAANG stock to own for the next 10 years

AP Photo/Ben Margot

• Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account.
• The majority of participating millennial investors picked Amazon as the single FAANG stock they'd want to hold over the next decade.
• The e-commerce giant's stock sits just below record highs, having recently surged on a strong earnings beat.
• Numerous analysts boosted their price target for Amazon shares through the end of July, praising Amazon's strong positioning in online retail as the pandemic rages on.
• Google-parent Alphabet was favored by roughly 27% of the more than 460 respondents. Facebook was the least favored, garnering only 2% of the vote.
• Watch Amazon trade live here.
• Click here to sign up for Business Insider's millennial investor panel.

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Young investors like Amazon more than other tech mega-caps, and it's not even close.

Of the more than 460 millennial participants in a Business Insider panel, roughly 51% picked the e-commerce titan as the FAANG stock they'd most want to hold over the next ten years. Google-parent Alphabet came in a distant second with 27% of the vote. 

See the rest of the story at Business Insider

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