From Nasdaq: 2025-04-09 08:15:00

Amazon.com Inc. (NASDAQ: AMZN) saw a strong rally on Apr. 7, 2025, closing up 2.4% despite broader market weakness. Shares have fallen nearly 30% from their February high, but signs of exhaustion among sellers and oversold conditions suggest a potential rebound. Analysts remain bullish, with a $280 price target and earnings on the horizon.

Analysts at Citigroup and Westpark Capital reiterated Buy ratings on Amazon, with a $280 price target implying over 60% upside. Despite recent weakness, long-term growth prospects remain strong, particularly in high-margin segments like AWS and digital advertising. Earnings in two weeks could signal a turning point for the stock, with a potential pre-earnings bounce.

With a 30% drop from February highs, improving technicals, and bullish analyst sentiment, Amazon may be nearing a turning point. RSI levels are recovering, price action is firming, and a 60% upside case suggests a compelling entry opportunity. With earnings approaching, now could be a strategic time to consider Amazon for investment.



Read more at Nasdaq:: Amazon Stock Bounces From Lows as Smart Money Steps In