Amazon.com Inc.'s stock gained 2.40% over the past five trading days, following its Prime Day event. The stock has risen 4.74% in the past month, maintaining a year-to-date increase of 2.78%. Founder Jeff Bezos sold nearly 3 million shares for $665.8 million as part of a plan to sell up to 25 million shares by May 2026. Analysts have raised price targets for Amazon, anticipating strong performance in various business segments, particularly AWS, despite challenges in smart home devices. Amazon plans to launch its own AI model, Nova, to compete in the market.
Shares of Amazon.com Inc. rose 2.40% in the last five trading sessions as it completed its Amazon Prime Day. Year-to-date, the stock increased by 2.78%.
Jeff Bezos sold nearly 3 million shares worth $665.8 million in July, part of a plan to unload up to 25 million shares through May 2026.
Analysts have upgraded Amazon's stock, with Piper Sandler, Cantor Fitzgerald, and Truist raising their price targets to $250, $260, and $250, respectively.
Amazon aims to surpass $100 billion in operating income within the next two years, driven by segments like AWS and the launch of its AI model Nova.
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