Amazon Stock Takes Hit as Analysts Predict Moderate Growth

Amazon's stock price took a hit on Monday, August 31st, 2026, falling by 2.50% to $259.77 from its previous day high of $266.43.

This decline marks the seventh time in the past ten days that Amazon's stock has fallen, with a total decrease of -0.59% over this period.

The trading volume for the day also decreased by 3 million shares, but this is seen as a positive sign since volume tends to follow the stock's movements.

According to Citigroup, which gave Amazon a 'Market Outperform' grade with a 'hold' action on August 14th, 2026, the company still has room for growth.

The short-term trend for Amazon's stock is considered weak and wide, but it is expected to rise by 9.80% over the next three months, with a 90% probability of holding a price between $259.33 and $320.96 at the end of this period.