Amazon stock has dropped but analysts are bullish due to growth potential and consensus "strong buy" rating.

From Nasdaq: 2024-08-07 14:24:53

Amazon stock has dropped over 10% since reporting Q2 financials, citing lower revenues and weak Q3 sales forecast. Despite setbacks, reacceleration in AWS, robust advertising growth, and e-commerce resilience offer growth potential. Analysts are bullish with a consensus “strong buy” rating and $226.67 price target, projecting a 37.6% upside.



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