Wall Street sets Amazon stock price for the next 12 months

After navigating a challenging 2022, Amazon (NASDAQ: AMZN) and the broader stock market experienced a remarkable resurgence in 2023. With Amazon’s surge surpassing 80%, factors such as the booming interest in generative AI solutions, a recovering advertising market, and the continuous growth of Amazon Web Services (AWS) fueled the rebound. As 2024 unfolds, a prevailing optimism among investors centers on Big Tech’s ability to sustain its upward trajectory. This optimism is fueled by the belief that the Fede ...