Amazon.com, Inc. (NASDAQ:AMZN) is down 2.5% to $307.95 at time of writing, just off the session low at $305.50. The $300 level and the $320 level are key for shares. The $320 area is where the stock previously broke out for its run to life highs. The $300 area was resistance in the summer of last year, and then support. A break below that level could be longer-term bearish for price. A move back above $320 would put the stock back on a bullish technical footing.
Analysts have a consensus price target of $415 on Amazon.com, Inc. (NASDAQ:AMZN) which indicates a 31% upside. The consensus rating of the stock is a BUY with a score of 2.73. There are currently 6 Hold Ratings, 24 Buy ratings, 1 Strong Buy ration and 2 Sell ratings on the stock.
The most recent analyst action consisted of S&P Equity Research Reiterating their Sell rating on the stock on April 4th, 2013.
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