As a Senior Technical Analyst on Wall Street, it is crucial to analyze the current state of Amazon.com, Inc. (AMZN) to provide valuable insights for investors. With the real-time price of AMZN standing at $229.53, let's delve into the technical analysis to determine whether it is a buy or sell based on the analyst ratings consensus.
Amazon.com, Inc. (AMZN) has been a powerhouse in the e-commerce industry, continuously expanding its reach into various sectors such as cloud computing, artificial intelligence, and entertainment. The stock has shown resilience and growth potential, attracting both long-term investors and traders looking for short-term gains.
Based on the current price of $229.53, the support level for AMZN is at $225, while the resistance level is at $235. The stock has been trading within this range, showing stability in the near term. The moving averages indicate a bullish trend, with the 50-day moving average crossing above the 200-day moving average.
| Year | Price Target |
|---|---|
| 2025 | $300 |
| 2026 | $350 |
| 2027 | $400 |
Based on the analyst ratings consensus and technical analysis, Amazon.com, Inc. (AMZN) is a strong buy. The stock shows growth potential, with price targets projecting continuous upward momentum in the coming years. Investors looking for a solid long-term investment should consider adding AMZN to their portfolio.