Despite a few modest drops, the price of Amazon (NASDAQ: AMZN) stock has been mostly in an upward trend this year, making the highest daily rally on February 2, when it skyrocketed by nearly 8%, triggered by the exceptionally bullish Q4 revenue report.
In this context, Finbold has asked ChatGPT, the brainchild of OpenAI, to offer a likely pricing range for AMZN stock by 2025, considering the company’s growth, product development, analysts’ forecasts, and other relevant information, and it has provided a detailed response from the viewpoint on April 9.
ChatGPT Amazon (AMZN) price prediction
Specifically, the generative artificial intelligence (AI) tool has cited the analysts from the stock and cryptocurrency prediction platform CoinPriceForecast, who projected “an AMZN stock price range of $194 to $213 by the end of 2025, indicating a growth of +68% from earlier values.”
Furthermore, it offered a lower bound estimate, that takes into account “conservative estimates and potential market volatilities,” at around $200 by 2025, as well as a more bullish, upper bound estimate at $250 or higher by 2025, based on:
“Aligning with more optimistic EPS projections, the added momentum from reaching near-trillion sales figures, and the company’s historical resilience and growth capabilities, a more aggressive upper bound could see the stock climbing significantly above the analyst forecasts.”
Why is Amazon stock down today?
Meanwhile, the Amazon stock was at press time changing hands at the price of $185.03, recording a decline of 0.54% on the day but nonetheless advancing 2.38% on its weekly chart, and accumulating a gain of 7.58% over the past month, according to the most recent data on April 9.
So why is Amazon stock down today? As it happens, AMZN’s recent, somewhat poor performance takes place after Amazon announced it was ditching its Just Walk Out in-store AI system for cashier-less grocery store checkout, which it had deployed in 60 Amazon-branded grocery stores and two Whole Foods stores.
However, at the same time, Amazon share price had reached an all-time high (ATH) of $187.29 during the intraday trading on April 8, surpassing its record closing price of $186.57 in July 2021, against the backdrop of its robust retail business, strengthening cloud division, and expanding streaming services.
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