Amazon stock price is currently at $176

Amazon stock price is currently at $176.75 as cloud revenue projections exceeded expectations. The market is pricing in potential upside toward $182 if retail segment margins improve further. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Amazon. An Amazon drone collided into a crane in a commercial area in Arizona on Wednesday. Amazon stock price stayed near $177 as geopolitical risks kept investors cautious. Hedge funds maintain overweight ratings, citing robust AWS adoption by enterprise clients.