Jan 22 2025 2 mins
Amazon's stock price has seen a recent surge, closing at two hundred twenty-nine dollars and fifty-seven cents on Tuesday, January 21, 2025. This represents a 1.6% increase, largely driven by an analyst upgrade from Raymond James, which raised its price target from two hundred thirty dollars to two hundred sixty dollars and maintained a strong-buy rating.
In terms of trading volume, Amazon saw 12,625,132 shares traded, which is a decline of 56% from its average session volume. The thirty-day average daily volume stands at 34 million shares.
Recent news and announcements have been positive for Amazon. The company's stock appreciated 45% in 2024, thanks to strong US GDP and the shift towards cloud computing. Analysts are optimistic about Amazon's future performance, with 44 analysts having a twelve-month price forecast averaging two hundred forty-six dollars and sixty-six cents, indicating a potential 10.44% increase from the current stock price.
Major analyst updates include Moffett Nathanson lifting its target price from two hundred thirty-five dollars to two hundred forty-eight dollars and giving the stock a buy rating. Wells Fargo & Company also boosted its price objective from one hundred ninety-seven dollars to two hundred twelve dollars.
Amazon's valuation remains attractive, trading at a discount to its historical price-to-operating cash flow ratio, suggesting potential 25% annual returns. The company's diversified growth, efficiency improvements, and AWS-AI integration make it an attractive long-term play.
Overall, Amazon's stock is poised for continued growth, driven by strong analyst support and favorable market conditions. With its recent price surge and positive analyst updates, investors are likely to remain bullish on Amazon's prospects in 2025.
In terms of trading volume, Amazon saw 12,625,132 shares traded, which is a decline of 56% from its average session volume. The thirty-day average daily volume stands at 34 million shares.
Recent news and announcements have been positive for Amazon. The company's stock appreciated 45% in 2024, thanks to strong US GDP and the shift towards cloud computing. Analysts are optimistic about Amazon's future performance, with 44 analysts having a twelve-month price forecast averaging two hundred forty-six dollars and sixty-six cents, indicating a potential 10.44% increase from the current stock price.
Major analyst updates include Moffett Nathanson lifting its target price from two hundred thirty-five dollars to two hundred forty-eight dollars and giving the stock a buy rating. Wells Fargo & Company also boosted its price objective from one hundred ninety-seven dollars to two hundred twelve dollars.
Amazon's valuation remains attractive, trading at a discount to its historical price-to-operating cash flow ratio, suggesting potential 25% annual returns. The company's diversified growth, efficiency improvements, and AWS-AI integration make it an attractive long-term play.
Overall, Amazon's stock is poised for continued growth, driven by strong analyst support and favorable market conditions. With its recent price surge and positive analyst updates, investors are likely to remain bullish on Amazon's prospects in 2025.