Amazon (AMZN), the e-commerce and cloud giant, saw an outstanding performance in 2024, reaching an all-time high of $233. Gaining 50%, Amazon

Amazon (AMZN) investors, as the stock is up 48% based in the year to date. The e-commerce giant is outperforming the S&P 500 Index ($SPX) and hit record highs after Election Day. Can Amazon keep it up into the new year and beyond?

Amazon.com (NASDAQ:AMZN) had its price objective upped by Sanford C. Bernstein from $235.00 to $265.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the e-commerce giant’s stock.

CEO Andy Jassy noted, "We've seen significant reacceleration of AWS growth for the last four quarters," putting its annualized revenue run rate at $110 billion. With that, AWS controls roughly 33% of the cloud infrastructure services market, more than Azure and Google Cloud combined, according to research firm Canalys.

Amazon stock had a strong 2024 but still has room to run according to analysts who say AMZN is their top 2025 pick.

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 0.7% on Thursday . The company traded as low as $226.67 and last traded at $227.52. Approximately 4,480,364 shares were traded during mid-day trading,