Amazon Stock Forecast: Analysts Positive on Growth Prospects

Average Price Target of $20,886 in Short Term

Despite recent market fluctuations, Amazon stock continues to attract attention from analysts. Based on short-term price targets offered by 43 analysts, the average price target for Amazon comes to $20,886. This indicates a positive outlook for the stock in the coming months.

Long-Term Price Targets Also Bullish

Analysts are equally bullish on Amazon's long-term prospects. The 46 analysts with 12-month price forecasts for Amazon stock have an average target of $19,311. Even the lowest estimate among these analysts is a strong $12,359. This suggests that investors have high hopes for the company's continued growth and profitability in the years to come.

Conclusion

The consistent optimism of analysts regarding Amazon stock bodes well for its future performance. The company's strong fundamentals, innovative products, and expanding market share make it a compelling investment opportunity. With both short-term and long-term price targets pointing to continued growth, investors may want to consider adding Amazon to their portfolios.