Amazon Stock Forecasted to Rebound to New Highs in Next 12 Months

Amazon's stock has taken a hit in recent days, but Evercore ISI analyst Mark Mahaney is predicting a rebound to a new all-time high within the next 12 months.

The price target for Amazon (AMZN) has been raised from $315 to $355, driven by strong retail growth, AI-driven shopping boosts, and faster shipping adoption.

Although market penetration has dipped slightly from 95% to 92%, analysts see potential for continued revenue growth and a bullish trend ahead.

Amazon remains a market leader in online retail and grocery sectors, with its expanding competitive moat, accelerating cloud business, and disciplined capital expenditures contributing to its strength.