Key Points
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Amazon stock has declined in nine straight trading sessions, something that last happened in 2006.
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Investors are worried because Amazon estimates capital expenditures will total $200 billion in 2026.
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Amazon’s investments in AI are driving sales growth and efficiency, and the stock price is reasonable.
- 10 stocks we like better than Amazon ›
Amazon (NASDAQ: AMZN) stock is down 14% year to date, and shares have now declined in nine consecutive trading sessions, the company’s longest losing streak since July 2006.
What happened last time? Amazon stock soared 128% in the next year. We may not see a repeat performance this time, but Wall Street thinks the stock is deeply undervalued. Not a single analyst recommends selling, and the median target price of $285 per share implies 43% upside from its current share price of $199.
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