As it turned out in the extended session between February 6 and February 7, Amazon’s (NASDAQ: AMZN) latest earnings report failed to satisfy investors despite demonstrating an earnings and revenue forecast beat.
Specifically, after briefly plummeting 7% in the after-hours and stabilizing at about 3% in the red in the morning. AMZN stock is trading at $232.86 at press time and is, once the overnight trading is included, 1.12% in the red in the weekly chart.
The decline likely resulted from an unexpectedly weak guidance as Amazon forecasted its sales in the current quarter would amount to between $151 billion and $155.5 billion – significantly below the $158.5 billion analysts previously predicted.
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Still, it is worth pointing out that the expected weakness has been described as the result of an outsized negative impact of the movements of the U.S. dollar impact. Likewise, it is noteworthy that the disappointing outlook came packaged with an otherwise strong report.
With AMZN stock’s next move unclear, Finbold elected to consult its very own artificial intelligence (AI) price prediction tool and try to gauge if Amazon shares will continue trading lower by the end of February or if a rally is in the cards.
Finbold AI sets Amazon stock price target for February 28, 2025
Having examined numerous technical indicators, such as the relative strength index (RSI) and moving averages (MA), Finbold’s AI price prediction tool quickly concluded that Amazon’s stock will, at worst, remain stagnant.
Indeed, the lowest price target for February 28 was provided by xAI’s Grok 2 Vision, which forecasted AMZN shares would trade at $235 – 1.72% above the press time price.
Claude 3.5 Sonnet was on the opposite side of the assessment as it gave the highest prediction: a 7.56% rally through the remainder of February to a month’s end price of $248.50.
Alphabet’s (NASDAQ: GOOGL) Gemini 1.5 Flash 002 and OpenAI’s ChatGPT-4o took the middle road. Gemini, for example, forecasted AMZN stock will climb 3.02% to $238, while ChatGPT opined it will rise 3.88% to $240.
Finally, as the individual targets imply, the collective computing power of the four highly advanced AI models assessed that Amazon stock is most likely to rally 4.04% through the rest of February and rise to $240.38.
Featured image via Shutterstock
