Amazon stock enters consolidation phase after August peak

Amazon shares are currently in a consolidation phase following a peak in August 2026. After reaching an all-time high of 287.16 USD on August 4, 2026, following strong quarterly results, the stock price has settled at approximately 255.80 USD.

Despite being viewed by some as slightly overvalued, experts such as JP Morgan have maintained buy recommendations with price targets reaching as high as 365 USD. For investors seeking returns even if the stock price remains stagnant or declines, bonus certificates with a cap are suggested as a potential alternative to direct stock purchases, offering the possibility of double-digit annual gross returns provided certain price barriers are not breached.