Shares of Amazon.com, Inc. (NASDAQ: AMZN) have been having a standout year, with the stock building on the 150% rally that started in 2023. Though its shares have softened slightly in recent weeks, the tech titan was hitting fresh all-time highs just earlier this month. Even with this pullback, sentiment around Amazon remains strongly bullish, especially as it hovers near the key $200 level.
Headquartered in Seattle, Washington, Amazon boasts a market cap of $2 trillion and continues to dominate the e-commerce and cloud computing space. For those of us on the sidelines, this is a stock that’s worth watching closely. As analysts increase targets and markets rally, Amazon’s days near $200 may be numbered.
