Amazon Drives Dow to Record High, Approaching 49,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: CNBC
- Dow Record High: The Dow Jones Industrial Average rose on Tuesday, nearing 49,000 points, with Amazon's nearly 3% gain driving overall market performance, indicating strong investor confidence and market vitality.
- Energy Stocks Retreat: Energy stocks tied to the ousting of Venezuela's president lost momentum on Tuesday, with Chevron dropping over 3% after a 5% rise the previous session, becoming the worst-performing Dow stock, reflecting market sensitivity to political risks.
- Nvidia's New Product: Nvidia CEO Jensen Huang announced that the next-generation semiconductors are in full production, which may significantly reduce data center cooling requirements, leading to a sell-off in HVAC-related stocks like Johnson Controls, Trane Technologies, and Carrier Global, showcasing the market's quick response to new technologies.
- Boeing's Positive Outlook: Bernstein named Boeing a top stock pick for 2026 and raised its price target from $267 to $277, noting improvements in the company's 737 and 787 aircraft issues, with free cash flow expected to rise sharply in the coming years, enhancing market confidence in its long-term value.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
