AMZN Tumbles: Is This Your Golden Chance to Buy Amazon Stock on the Cheap?
Amazon's stock takes a nosedive—panic or opportunity?
Tech giants aren't immune to gravity. AMZN just proved it with a sudden drop that's got Wall Street buzzing. Is this a temporary blip or the start of something uglier?
The dip-buyers are circling. Bargain hunters love nothing more than a wounded blue-chip—especially one that still dominates cloud computing and e-commerce. But beware the 'falling knife' syndrome.
Meanwhile, crypto traders are laughing. While traditional investors sweat over single-digit percentage drops, digital assets routinely weather 20% swings before breakfast. Volatility? Try stability.
Smart money moves: AMZN's fundamentals haven't changed. This could be your chance to own a piece of the everything-store at a discount—or another reminder that even 'safe' stocks can bleed.
Analysts Mantain Positive Price Forecasts for Amazon AMZN Shares
Despite the dip, numerous analysts are suggesting that now is a great time to invest in Amazon (AMZN). Stock forecasts for AMZN remain high, and experts from different firms are looking to buy the dip. JPMorgan analysts said they “would buy the pullback,” as Amazon shares have tumbled more than 8% in the last 48 hours. Amazon Web Services is a likely culprit for the stock slump, JPMorgan says. The cloud division’s revenue growth, while in line with analysts’ expectations, didn’t accelerate from the previous quarter
Despite that, the bank raised its price target to $265 from $255, implying 23% upside. Other analysts maintain a positive outlook, with price targets ranging from $248 to $297, suggesting potential upside from the current market price of $213. Analysts at UBS, which maintained a price target of $271, said investors shouldn’t be too worried about growing capex. “To sell the stock is to believe that management and the board are making the economically irrational decision, in our view, to invest an increasing amount of capital,” UBS wrote.
Citi also raised its price target to $270, arguing that the increase in investment “highlights continued demand strength as AWS alleviates its infrastructure capacity constraints.” Furthermore, Wedbush reiterated its Outperform rating with a $250 price target. With all the Optimism from key analysts despite the dip, Amazon AMZN stock remains a top choice and may rebound in the short term.