Throughout the first three months of the year, the US stock market has seen increased struggles. However, there are signs that a turnaround is coming, which could benefit a host of mega-cap stocks. Among them is Amazon (AMZN), which could see Prime send shares soaring in 2025.
The company has emerged as a top pick for traders, with the market looking like it may bounce back in the short term. Although there is still no shortage of macroeconomic factors holding prices at bay, the e-commerce juggernaut has some enticing avenues of future gains for a fledging market.
Also Read: Amazon Tells Consumers to Expect Prices to Rise Due to Tariffs
Amazon to Soar in 2025? Why Experts Are Eyeing Notable Prime Impact
Monday brought what looked like more of the same for Amazon shares. The stock dropped another 1.6% despite the United States announcing certain tariff exemptions. However, it has embraced a slight turnaround, jumping 3.6% over the last five days to trade at the $181 level.
Things are looking up, and certain Magnificent Seven stocks should be on the radar of opportunistic traders. Indeed, Amazon may emerge as a key player, with one analyst saying Prime could be its key to sending its share price soaring amid a down year so far.
Also Read: Magnificent Seven: Two Stocks to Buy as Market Nosedives
“It’s not like everyone has cancelled Amazon Prime because of worries about tariffs,” Brown Report founder Jason Brown recently said. Additionally, he noted the company “has a little bit of pricing power” amid its recent AI exposure.
“With the stock at $160 to $170, investors should hold it for the long term,” he added. “Amazon is not going out of business, and it’s only a matter of time before it returns to its glory prices.”
Currently, the stock has a median price target of $265, up 45% from its current position, according to CNN data. Moreover, it has a high-end projection above the $300 mark, showcasing its 68% upside for the next year. Even its low-end outlook has it reaching $200, up 10% from where it stands now.
