BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Amazon Stock (AMZN) Forecast Brightens as AI Analyst Joins Wall Street Party
Amazon Stock (AMZN) Forecast Brightens as AI Analyst Joins Wall Street Party
20
3
BTCCSquare news:
Amazon's stock (AMZN) is gaining momentum as Wall Street analysts and TipRanks' A.I. Analyst align in a bullish outlook. The e-commerce giant's near-term performance is under the spotlight, with potential upside for investors.
TipRanks' automated analysis assigns Amazon a score of 81 out of 100, accompanied by an Outperform rating and a price target of $257—a 14% potential upside. Wall Street echoes this optimism, projecting a 17% rise.
Strong Q2 results fuel the positive sentiment. Amazon reported net sales of $167.7 billion, a 13% year-over-year increase, surpassing estimates of $162.2 billion. Revenue growth remains a key driver.
By:
