Amazon forecast stock recent macroeconomic resilience in U

Recent macroeconomic resilience in U.S. consumer spending feeds into bullish Amazon forecast stock scenarios, as discretionary purchase categories saw double-digit growth in Prime Day 2024 figures. However, the best could be yet to come. As interest rates (hopefully) fall over the next few years, it should become a far better environment to expand. Management sees a $100 billion investable universe of properties in categories EPR could pursue, and this is a market that is likely to get even larger over time. According to TipRanks A.I. Stock Analysis , Amazon earns a strong score of 81 out of 100, along with an Outperform rating. The A.I. analyst has set a price target of $257, suggesting a potential upside of 9%. Wall Street analysts remain bullish as well, forecasting an upside of 12% for the stock. The analysis also points out both positive and negative factors weighing on the company’s stock performance. Short-term Amazon forecast stock sentiment is bullish with technicals showing strong support around $167.50 and resistance near $