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Amazon Earnings: What’s Needed for a Breakout to New Highs?

Investing.com Logo Investing.com By Sam Quirke
Amazon Earnings: What’s Needed for a Breakout to New Highs?

Amazon prepares for earnings report, with investors looking for strong performance across AWS, e-commerce, and advertising to break through a stubborn $240 price ceiling and potentially reach analyst price targets of $275-$280.

Insights
AMZN   neutral

Stock is flat for the year, with potential for positive movement if earnings exceed expectations. Analysts remain bullish but note the need for an exceptional earnings report to break current trading range.