AI Predicts Amazon Stock Price for End of 2024: What Investors Should Know
Market Recovery and Amazon's Stock Movements
Amazon (NASDAQ: AMZN) has seen fluctuations, from highs above $200 in July to a low of around $161 in early August. Recently, it has rebounded slightly to $177.36, marking a 5.78% increase over the past week and maintaining an 18.72% growth year-to-date (YTD).
AI Models Reveal Divergent Stock Price Predictions
Leading AI models present varied predictions for Amazon's stock by the end of 2024. OpenAI’s ChatGPT-4o forecasts a bullish price target of $230, buoyed by strong growth in Amazon Web Services (AWS).
Conversely, the more conservative ChatGPT-4o mini suggests a potential decline to between $150 and $165, citing regulatory risks and market volatility.
- Alphabet's Gemini remains optimistic, anticipating a target of $225.
- Microsoft’s Copilot estimates a rise to $195, cautious about the broader market outlook.
Despite the varied outlooks from AI, market experts maintain a Street high target of $251 for AMZN.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.