Amazon Stock: Analysts Predict Growth

Short-Term Outlook

Analysts are bullish on Amazon's short-term prospects, with an average price target of $20,886 over the next few months. This suggests that investors who buy and hold Amazon stock within that timeframe could potentially see significant returns.

Long-Term Outlook

The long-term outlook for Amazon is also promising, with analysts forecasting an average price target of $19,311 over the next 12 months. While the potential return is slightly lower than the short-term estimate, it still represents a significant upside for investors who are willing to hold the stock for a longer period.

Market Performance

Amazon's stock traded at $180.12 after hours on April 26th, up 0.5% from its closing price. The stock has been volatile recently, ranging from $123.595 to $343.343 in the past month. Despite these fluctuations, analysts remain optimistic about Amazon's growth potential due to its strong fundamentals and continued expansion in key markets.