In what is certainly a monumental development for the company, Amazon’s (AMZN) stock has set a new record high as the company’s earnings near. Indeed, shares in the e-commerce juggernaut reached a landmark price of $238 this week. Now, all eyes are on how that could be impacted by its upcoming Q4 earnings report set for early February.
There is no shortage of reasons to be excited about the stock’s potential in 2025. Although the share price has retreated less than 1% Thursday, it still stands at $235. The relative strength of the company’s price amid the ongoing DeepSeek sell-off could reflect investor optimism as its upcoming earnings report gets closer.
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Amazon Stock Sets $238 Record High: What to Expect With Q4 Earnings On the Horizon
Entering the new year, there was no shortage of excitement surrounding Amazon’s stock. The company has established itself as the leader in both the e-commerce and cloud computing sectors. With both set to see continued increases in demand, the company has emerged as a Wall Street favorite in 2025.
That perspective was only reinforced with a positive performance this week. Indeed, the Amazon (AMZN) stock reached a new record high as its Q4 earnings report nears. According to a recent report, the company reached heights of $241 during Tuesday’s trading session. Moreover, it propelled the firm’s market cap beyond the $2.5 trillion mark.
Also Read: Amazon Eyes 82% Earning Jump: Is AMZN Best Stock Buy in 2025?
This led Webusth analysts to reiterate an outperform rating on the company’s shares. Additionally, they increased their price target to $280 from its previously slated $260. That represents a 16% jump for the analysts.
“While the bar is higher this year, we think Amazon is positioned to outperform expectation again in 2025, and our full-year operating income estimate is 5% above consensus,” analysts said. The firm had also raised its Q4 projections. Specifically, they upped its operation income to $20.7 billion, from the previous forecast of $19.9 billion.
Altogether, these point to what could be a monumental earnings report for the company. Moreover, Wedbush is not alone. Morgan Stabley has also given Amazon an outperform rating and a $280 price target. They have stated shares in the company are a clear long-term opportunity for investors.
