Is Amazon will surge in the near future@TigerGpt TigerGPT,your new investing superpower Click to learn more
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Based on the information provided, it is difficult to give a definite answer about the future outlook for Amazon's stock price. However, analysts' opinions are that the mean, low, and high target estimates for Amazon's stock price are 169.91458, 128.0, and 230.0 respectively. In addition, the latest price of Amazon's stock is 131.84 USD, with a support price of 128.98 USD and a resistance price of 139.38 USD. Capital flow data analysis shows that there has been a big inflow of 254.01M USD, median inflow of 180.66M USD, small inflow of 1.44B USD, big outflow of 349.72M USD, median outflow of 196.91M USD, and small outflow of 1.44B USD within a day. The trend analysis shows a bullish news indicating a Dalit author's story being used in a popular Amazon Prime drama. There is also bearish news, but it is not provided in the context.
Overall, investors should consider the various factors that affect Amazon's stock price before making any investment decisions. Further research, analysis, and monitoring of news about Amazon can help investors make informed decisions.
Reference articles:
Amazon.com stock should climb even higher because the retailer is getting even more efficient in shipping and filling orders, giving it a competitive advantage versus its peers, says Piper Sandler. Analyst Thomas Champion raised his price target on Amazon to $185 from $175, which implies a 37% gain from the stock's closing price on Wednesday. Champion also maintained his Overweight rating on the stock, saying in a research note Thursday that he thinks "now is the time to buy." A second look at comments from the 2Q earnings call suggest to us AMZN may have reached a new threshold in Shipping & Fulfillment cost efficiency. We see evidence of this emerging in gross margins & 3Q23 incremental operating income guide was by far the strongest in company history. (source)
Amazon appears an attractive pick given a noticeable improvement in the company's earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this online retailer, should get reflected in its stock price. The strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in the consensus estimate for the next year. (source)
Don’t Let the Bears Scare You — Why Apple and Amazon Are Top Stocks to Buy Now (source)