Though Amazon (NASDAQ: AMZN) stock suffered an 8.54% decline to $259.77 through August and is facing a new FTC lawsuit over alleged overcharging, Wall Street analysts remain optimistic about the e-commerce and technology giant.
Indeed, in the last three days alone, AMZN shares saw three 12-month price target revisions, placing the equity’s value well above $300 by the start of September 2027.
The first of these was provided by Citizens analyst Andrew Boone, who, along with maintaining the ‘Market Outperform’ – ‘Buy’ – rating for the firm, assessed that Amazon stock will rise to $315: 21.26% above the latest close at $259.77.
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