Although Amazon.com, Inc. (NASDAQ: Price AMZN) stock has experienced a surge in sentiment over the past few months, Wall Street remains bullish on the name over the next 12 months.
On June 18, both Jeffries Financial Group Inc. (NYSE: JEF) and Bank of America Corporation (NYSE: BAC) reiterated a ‘Buy’ rating on the stock. Jefferies analyst Brent Thill set a price target for AMZN of $320, implying an upside of about 34% at press time.
Thill raised his price target to $320 from $300 in early May, maintaining a ‘Buy.’ Meanwhile, BofA Securities analyst Justin Post set The price of $ 310 for Amazon’s stock, which means that maybe 29% can be exceeded at the time of publication.
The goal of $ 310 is fixed on Prime Day to be changed to June this year, starting from July in 2025. In comparison, the value of Prime Day (GMV) will grow by about 5% to $ 21.6 billion, and it can add $ 12.4 billion in addition to the second quarter of GMV and $ 8.5 billion in addition to revenue.
At the time of the report, Wall Street analysts set a high price target for AMZN at $370, an average target of $319.14, and a low of $250, according to data from TipRanks.
The price of shares Amazon (AMZN) today
Year-to-date (YTD), Amazon stock price has risen 3.84%, trading at around $239.69 on Thursday. As such, the company had a market capitalization of $2.6 trillion.
In fact, the stock of the company established a purchase price of about $ 200 between February and April 2026. However, after the meeting between April and May, the stock of AMZN faced a strong resistance at about $ 274, which has caused it to begin to correct. Therefore, the stock needs to go above $274 to meet the mid-$300 targets in the next 12 months.
