Amazon Stock Price Predictions Soar Amid Recent Decline

Despite Amazon's recent 8.54% decline to $259.77 in August, Wall Street analysts remain optimistic about the e-commerce and technology giant.

Over the last three days alone, AMZN shares have seen three 12-month price target revisions, placing the equity's value well above $300 by September 2027.

Citizens analyst Andrew Boone estimates Amazon stock will rise to $315 in the next 12 months, a 21.26% increase from its latest close at $259.77.

Wells Fargo's Ike Boruchow was even more optimistic with a 'Buy' recommendation and estimated it would rise 26.27% to $328 in the next 12 months.