Amazon Inc. (AMZN.NSD) Bernstein Boosts Target to $140 from $125

Amazon Soars on Stellar Q4 Earnings, Beat Analyst Expectations

Analyst Ratings Coverage

Today’s Latest Analyst Ratings releases on Amazon :

Sanford C. Bernstein & Co. (Rank#55) has maintained an Outperform rating on Amazon’s stock. Sanford C. Bernstein & Co. has also raised the price target a from USD 125 to USD 140.

STA Research (Rank#69) has maintained a Buy rating on Amazon’s stock and has maintained the USD 130 price target.

Morningstar (Rank#11) has maintained a Hold rating on Amazon’s stock and kept their USD 137 target forecast steady for Amazon’s stock.

AMZN Ratings by Stock Target Advisor

AMZN Stock Price Forecast & Analysis

Based on the analysis from 38 analysts, the average target price for Amazon.com Inc over the next 12 months is USD 131.96. This indicates that, on average, analysts expect Amazon’s stock price to increase to this level within the specified timeframe. The average analyst rating for Amazon.com Inc is Strong Buy, suggesting a consensus among analysts that the stock is expected to perform well.

Stock Target Advisor’s analysis indicates a Neutral stance on Amazon.com Inc. This means that Stock Target Advisor’s analysis suggests a more cautious or balanced outlook on the stock. They have considered 6 positive signals and 6 negative signals in their assessment, which could be related to various factors such as financial indicators, market trends, or other relevant data points.

As of the last closing, Amazon.com Inc’s stock price was USD 121.66. It’s worth mentioning that the stock price has experienced positive changes recently, with a 5.80% increase over the past week, a 15.37% increase over the past month, and a 5.66% increase over the last year. These figures highlight the recent upward momentum in the stock’s performance.

Technical Analyst & Forecast

Amazon’s stock has recently experienced a significant bounce off the $84 price level, indicating a strong bullish move in its price trajectory. The bounce off this level suggests that buyers have entered the market, driving the stock’s value higher. As a result, Amazon’s stock has now reached $120 per share, representing a substantial increase from its previous low.

This bullish move indicates positive market sentiment towards Amazon and suggests that investors are confident in the company’s future prospects. The stock’s upward momentum and potential to test the next resistance level of $140 per share further support this optimistic outlook.

Testing the resistance level of $140 per share implies that Amazon’s stock would need to overcome selling pressure and break through that price barrier. If the stock manages to surpass this level, it could indicate further upward momentum and potential for continued price appreciation.

Resistance levels are areas where a stock’s price has historically struggled to move beyond. Investors and traders closely monitor these levels as they can act as significant psychological barriers to further price advancement. Breaking through a resistance level often requires a strong catalyst or positive news that can drive increased buying interest and volume.

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