AMZN chart and analysis
Technical analysis shows a support line at $102.31 and a resistance zone from $113.41 to $116.14. Despite its poor performance in 2022, analysts rate the stock a ‘strong buy,’ with the average price in the next 12 months expected to reach $172.24, 61.12% higher than the current trading price of $106.90. Notably, out of 35 Wall Street analysts, 34 have a ‘buy’ rating, and one has a ‘hold’ rating. In a tough environment for high-growth stocks, it is difficult to estimate how much the stock will go up; it will depend mostly on the market sentiment and the gap in actual earnings from the analyst’s estimation. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
