Amazon Falls Below $250 Amid Analyst Concerns

Amazon (NASDAQ:AMZN) closed at $249.38, below Wall Street's consensus target of $329.54. Despite its lower price, analyst estimates for fiscal 2027 sit below those for fiscal 2026.

AWS posted a 37% growth rate with a $496 billion backlog in future revenue. However, planned capital expenditures have pushed trailing free cash flow to negative $7.6 billion.

Analysts are bullish on Amazon, with 15 Strong Buy and 44 Buy ratings, but two Hold ratings offer a cautionary note. The company's growth is largely driven by AWS acceleration, which could continue if capacity utilization remains high.