Amazon's stock falls 20% from all-time high, but analysts expect rebound to $250

From Nasdaq, Inc.: 2025-04-01 10:43:00

Amazon’s stock has fallen over 20% from its all-time high, putting it in a technical bear market. The $190 support level, a key multi-year line, is now in focus as the stock battles to stay above it. Analysts are optimistic about a potential rebound, with Jefferies giving a price target of $250.

Despite the recent pullback, Amazon’s fundamentals remain strong. The company consistently beats analyst expectations, posting record profits in its most recent quarter. The upcoming earnings report is expected to show more positive results, potentially driving the stock back to its previous highs.

Technical indicators suggest a possible turning point for Amazon. The RSI is showing signs of recovery from oversold conditions, while the MACD line has confirmed a bullish crossover. If the stock can hold above $190, it may attract buyers looking for a support play and spark a rebound.

Wall Street analysts are bullish on Amazon, with Jefferies reiterating a Buy rating and $250 price target. The stock’s recent decline presents a compelling risk-reward opportunity for investors. With strong fundamentals, analyst support, and technical signals aligning, Amazon may be poised for a comeback.



Read more at Nasdaq, Inc.:: Amazon Falls Back to a Key Support Line: Here’s How to Play It