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Amazon (AMZN) Stock Price Prediction: Amazon Holds Its Trend, But AWS and Cash Flow Still Set the Tone

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Amazon (AMZN) Stock Price Prediction: Amazon Holds Its Trend, But AWS and Cash Flow Still Set the Tone

Amazon (AMZN) is trading at $266.61 after a 2.27% 24-hour pullback, with short-term momentum still above key moving averages but below nearby resistance. The latest earnings update and analyst targ...

Amazon shares are holding above the $265 area even after a 2.27% 24-hour decline, with the stock trading at $266.61 against an intraday range of $275.21 to $265.23. That matters because the share price is still sitting above the 7-day, 20-day, 50-day, and 200-day moving averages, which keeps the broader technical structure constructive despite the pullback.

The fundamental backdrop is still centered on the latest quarterly update. CNBC reported that Amazon’s third-quarter revenue was $201.94 billion versus $202.31 billion expected, EPS came in at $1.89 versus $1.96 expected, and free cash flow was negative $42.4 billion as the company held 2026 capex unchanged at $220 billion. The market reaction was consistent with a stock that is being priced on the trade-off between growth investment and cash generation.

The sell-side tone remains generally positive, but not uniform. Bernstein’s Mark Shmulik reiterated a Buy and set a $320 target on November 6, 2026. Freedom Broker raised its target to $330 from $255 on November 3 while maintaining Buy. Mizuho lifted its target to $335 from $330 on November 2 and kept an Outperform rating, citing AWS outlook. Benzinga also showed a 31-analyst consensus snapshot with 1 Strong Buy, 29 Buys, and 1 Hold, alongside a cluster of targets from UBS at $352, Scotiabank at $300, Telsey at $335, and DA Davidson at $250.


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