Why Amazon Could Be a $300 Stock Within Weeks

Core Viewpoint - Amazon.com Inc. is showing strong bullish momentum with a potential target of $300, driven by solid fundamentals and analyst confidence [1][2][3] Group 1: Stock Performance - Amazon shares closed around $230 on December 10, up approximately 40% since April, maintaining a multi-month uptrend [2] - After reaching all-time highs near $260 in early November, the stock faced a brief pullback but has regained momentum, indicating a potential retest of those highs [3] Group 2: Fundamental Strength - Amazon's core segments, including e-commerce, advertising, and Amazon Web Services, are delivering consistent double-digit revenue growth, supporting the bullish outlook [4] - The company has a strong track record of earnings beats, which reinforces investor confidence and suggests that the current rally could continue towards the $300 mark [4] Group 3: Analyst Support - Wall Street analysts, including UBS Group, Rosenblatt Securities, and Wedbush, have reaffirmed their Buy ratings for Amazon, with price targets set at $300 or above [5] - There is a growing belief that Amazon is entering a new growth phase, particularly in cloud computing and AI services, which could lead to further stock appreciation [6] Group 4: Future Expectations - Analysts expect Amazon's stock to reach and potentially exceed $300 in the near future, with some projections indicating a price target of $340, suggesting nearly 50% upside from current levels [6][7]