Market News

Amazon (NASDAQ:AMZN): Second Prime Day is Coming in October

Amazon (NASDAQ:AMZN) is holding a second Prime Day style shopping event on October 11 and 12. The holiday deals move comes as consumers tighten purse strings globally.

Amazon Prime members will have early access to the sale which will be the first time Amazon holds two sales events in a year.

Further, the 48-hour sale will feature a Top 100 list showcasing the best deals on offer and will be held in 15 countries.

What is the Prediction for Amazon Stock in 2022?

The Street continues to remain Bullish on Amazon with a Strong Buy consensus rating and an average price target of $177.05 which indicates a massive 52.41% further upside in the stock.

That’s after a nearly 32% slide in the share price so far this year.

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