Amazon shares dip 1.8% as analysts lift price targets

Amazon.com Inc. (NASDAQ:AMZN) fell 1.8% in mid‑day trading on Tuesday, slipping to $256.51 after touching a low of $260.70. Trading volume rose about 44% above its average, with roughly 53 million shares exchanged.

Wall Street analysts remain largely bullish. Truist Securities raised its price target to $320, citing stronger‑than‑expected growth prospects for Amazon Web Services (AWS) in artificial‑intelligence workloads and upcoming AI‑focused chips such as Trainium 3 and the planned Trainium 4. The firm also highlighted Amazon’s AI partnership commitments, reportedly worth up to $100 billion with firms like Anthropic and OpenAI.

Overall market consensus continues to favor Amazon, with an average 12‑month target of $319.14 and a “Strong Buy” rating from 46 analysts. At the same time, the company faces regulatory scrutiny in the EU over cloud procurement and a privacy class‑action linked to Ring’s facial‑recognition technology, adding a layer of headline risk.