Amazon shares rose 1.66% to trade at $235.14 on January 22, driven primarily by a broader market rally and positive comments from CEO Andy Jassy regarding tariff pricing impacts.
- The stock movement mirrored a strong market rally, with the S&P 500 up 0.80% and the Nasdaq advancing 1.17% following news of a tariff withdrawal and strong GDP data.
- Analysts maintain a bullish outlook on the stock, setting a median price target of $294.93 and a consensus rating of "Strong Buy".