Amazon.com Inc. (AMZN) is exhibiting strong bullish momentum, with a notable gap forming around the $196 level. A breakout above the $216.20 resistance would confirm further strength, positioning the stock to target the $233.00 resistance. This trade setup offers an excellent risk-to-reward ratio, with a stop-loss set at $188.65 to manage downside risk.
Analyst sentiment remains positive, with TD Cowen analyst John Blackledge raising his price target for Amazon to $265, citing factors such as fast delivery speeds driving market-share gains and anticipated growth in Amazon Web Services (AWS) revenue due to enterprise workload migration and generative AI offerings.
Furthermore, Evercore ISI analysts have highlighted Amazon as a top large-cap stock pick for the internet sector heading into 2025, supported by cloud business revenue growth and rising e-commerce margins.
This combination of technical momentum and strong fundamentals supports a bullish push toward $233.00, making AMZN an attractive opportunity for traders and investors alike.
AMZN
Analyst sentiment remains positive, with TD Cowen analyst John Blackledge raising his price target for Amazon to $265, citing factors such as fast delivery speeds driving market-share gains and anticipated growth in Amazon Web Services (AWS) revenue due to enterprise workload migration and generative AI offerings.
Furthermore, Evercore ISI analysts have highlighted Amazon as a top large-cap stock pick for the internet sector heading into 2025, supported by cloud business revenue growth and rising e-commerce margins.
This combination of technical momentum and strong fundamentals supports a bullish push toward $233.00, making AMZN an attractive opportunity for traders and investors alike.
AMZN 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.