Analyst optimism signals 30.11% upside potential for AMZN amid market gains

Amazon (AMZN) is trading higher, up 0.89% at $229.37, driven by a strong tech rebound and highly favorable analyst projections.

• Wall Street analysts project a mean price target of $295.8, suggesting a potential upside of 30.11% from the recent close of $227.35.
• The stock maintains a favorable Zacks Rank #2 (Buy), indicating stable EPS estimates and placement in the top 20% of stocks.
• The positive movement aligns with the broader market uptrend, with the S&P 500 up 0.65% and the NASDAQ up 0.57%.