AMZN Stock Eyes $290 Next

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Amazon (AMZN) stock is eyeing its next price leap over the coming weeks as the company has unveiled a new, major partnership. Indeed, the e-commerce giant has hired FedEx to handle some of its large package deliveries, the companies said on Monday.“We have reached a mutually beneficial, multiyear agreement to provide residential delivery of select large packages for Amazon,” FedEx said in a statement. “FedEx joins our other third-party partners like UPS and the USPS, who work alongside our last-mile delivery network to help us balance capacity to best serve customers,” Amazon spokesman Steve Kelly added in the report. FedEx shares surged on Monday, finishing up 7%. AMZN stock, meanwhile, is up 13% in the last five days and climbed on Monday.Currently trading around $212, Amazon (AMZN) shares look to be rising. Stock investors with AMZN in their portfolio have seen red throughout 2025 so far. However, the last month has seen a slight resurgence in the US stock market. After being rocked by tariff talks in early April, the pause of tariffs allowed big tech and other companies like AMZN to rebound. Now, despite its UPS partnership being restructured, Amazon is benefiting from the FedEx partnership.Also Read: Pi Coin Falls 27%: Should You Buy The Dip?Now the Time to Invest in Amazon (AMZN)?Amazon has become one of the best investments to be made on Wall Street. A retail titan, it has continued to diversify, becoming one of the top tech options in the Magnificent 7. The e-commerce firm recently reported Q1 earnings that were rather impressive. The most important point of note was that revenue jumped 10% to reach the $155.7 billion mark. Moreover, its operating income hit 11.8%, up from 2024’s 10.7%.These financials were important as the tariffs loomed large. However, it still has impressive Amazon Web Services (AWS) and AI development marks that make it all the more attractive. In a recent report, Morningstar projected Q2 guidance of $159 billion to $164 billion, with operating income reaching between $13 billion and $17.5 billion.Also Read: Peter Schiff Warns Saylor Could Face Huge Losses If Bitcoin Dips Below $70K AgainThe firm also has a 4-star rating, noting that the stock is currently undervalued in relation to its long-term fair value figure of $240 a share. CNN analysts project Amazon to continue its gains over the next 12 months, possibly going as high as $290 by May 2026. This would mark a 36% ROI from current prices if you were to invest now.Source link