Workflow
Why Amazon Could Be About To Breakout To $250
AmazonAmazon(US:AMZN) MarketBeat·2025-06-19 11:10

Core Viewpoint - Amazon.com Inc. has shown a significant recovery since early April, with shares increasing over 30% in just over two months, currently trading just under $215, which is close to February's record highs of $240 [1][2] Technical Analysis - The stock's chart indicates a bullish trend with higher highs and higher lows since April, suggesting strong upward momentum [2] - The $215 level has become a key resistance zone, and a breakout above this level could lead to a rapid increase towards the all-time highs of $242 [3][4] Analyst Support - Analysts from JPMorgan Chase and Bank of America have reiterated their Overweight ratings, with price targets raised to $240 and $248 respectively, reflecting confidence in Amazon's robust business, particularly in AWS [5][6] - Tigress Financial has set a street-high price target of $305, indicating over 40% upside potential from current levels [6] Earnings Anticipation - Amazon has a historical pattern of rallying into earnings reports, with the next report expected in late July, which could drive further stock price increases [7][9] - The stock forecast suggests a 12-month price target of $244.89, representing a 15.23% upside [8] Market Conditions - Current market conditions are favorable, with major indices nearing all-time highs and a renewed investor appetite for mega-cap tech stocks, positioning Amazon for potential gains [10]