Amazon.com, Inc. (NASDAQ: AMZN) ended Monday’s session higher and then nudged further up in after-hours trading, leaving investors with a familiar year-end question: is this just holiday-week noise, or the start of a move into 2026?
As of the latest after-hours update Monday, AMZN was indicated around $228.6, modestly above the regular-session close of $228.43. [1]
Quick takeaways for AMZN into Tuesday (Dec. 23)
- After-hours: AMZN hovered around $228.62 shortly after the close, a small gain vs. the regular-session finish; after-hours volume was reported at about 2.73M shares. [2]
- Monday close: AMZN finished regular trading at $228.43, up about 0.48%. [3]
- Street view (today): Bank of America’s Justin Post reiterated Buy and raised his price target to $303, while Monness’ Brian White kept a Buy and a $300 target. [4]
- Macro risk tomorrow: A heavy 8:30 a.m. ET data slate (GDP, durable goods, building permits, core PCE) plus consumer confidence could swing mega-cap tech—especially in a holiday-thinned tape. [5]
AMZN after the bell: where Amazon stock stands tonight
Amazon shares closed at $228.43 and then traded slightly higher after hours (around $228.62 in a delayed quote shortly after the close). [6]
During the regular session, AMZN traded roughly between the mid-$226s and the high-$229s, with volume in the ~30M-share range. [7]
This wasn’t an “Amazon-only” move. The broader market tone was constructive: one MarketWatch recap pegged the S&P 500 up 0.64% and the Dow up 0.47% on the day—conditions that typically support large-cap growth and “mega-cap tech as a trade.” [8]
What drove Amazon stock today: a mix of market beta and “AI + logistics” narratives
With no single blockbuster headline dominating the tape after the close, Monday’s action in AMZN looked like a blend of:
1) Risk-on market backdrop
Broad index strength helped lift many large-cap names, including Amazon. ETF proxies for the major benchmarks were green into the close.
2) Fresh bullish analyst talk (published today)
Several widely circulated notes and aggregation stories pushed the “AMZN upside” narrative back into year-end positioning:
- Bank of America Securities (Justin Post): maintained Buy and raised the price target to $303 (from roughly the high-$220s prior), per TipRanks’ daily analyst roundup. [9]
- Monness (Brian White): maintained Buy with a $300 target; the note framed Amazon as well-positioned for AI-driven AWS momentum even amid near-term skepticism and macro uncertainty. [10]
- Consensus snapshots: TipRanks’ AMZN page listed a ~$296 1-year target and a Strong Buy consensus (with dozens of analysts), while a Nasdaq/TipRanks summary cited a mean target near $295.8 from a larger analyst set. [11]
The common thread: analysts are still treating Amazon as a “2026 setup” story—AWS acceleration, advertising growth, and logistics scale—rather than a one-quarter trade.
What the options market is implying for AMZN
After the bell, one options-focused brief (via TheFly on TipRanks) described mixed-to-modestly bullish sentiment:
- Options volume around 283k contracts, with calls leading puts (put/call roughly 0.48)
- 30-day implied volatility around 24.65, described as in the lower range of the past year
- An “expected daily move” estimate of about $3.54 [12]
Translation for Tuesday: the derivatives market (at least as captured in that snapshot) isn’t pricing an unusually large near-term shock—but holiday-week liquidity can still create outsized moves if macro data surprises.
Today’s Amazon-specific news flow investors should know
Even without a single dominant corporate bombshell, several Amazon ecosystem items circulated today that matter for the longer narrative investors anchor on: convenience/logistics, AI enablement, and AWS tooling.
Amazon Now: “near-instant delivery” push becomes a 2026 talking point
A MarketBeat analysis published today pointed to “Amazon Now,” described as a near-instant delivery initiative focused on dense urban markets and “spontaneous purchases.” The piece argues it’s an “optional upside” lever because Amazon can test it without relying on it for the core business—and frames it as one possible catalyst to break a prolonged consolidation phase in the stock. [13]
Whether Amazon Now meaningfully moves financials is an open question, but it’s the kind of operational narrative (speed, frequency, Prime stickiness) that can influence investor sentiment during a catalyst-light week.
Amazon expands AI education investment (announced today)
Amazon’s corporate news site posted a short update today saying the company is investing $800,000 (through a PlayLab partnership) to expand hands-on AI learning, aiming to reach nearly 500,000 students and supporting 18 educational partners across seven U.S. regions. [14]
This isn’t a revenue driver tomorrow morning, but it reinforces a consistent theme: Amazon wants to be seen not just as a retailer and cloud provider, but as a central player in the AI ecosystem.
AWS “Trainium” tooling keeps advancing (recent release notes still circulating)
AWS’s Neuron SDK release notes (posted to the AWS Neuron SDK GitHub releases) highlighted support for Trainium3 (Trn3) and a set of developer tooling and inference updates (including vLLM-related integration and profiling/optimization tooling). [15]
These kinds of updates matter because the market’s “AWS + AI” debate increasingly comes down to whether AWS can win large AI workloads with a credible stack (chips + software + ecosystem) while managing capex expectations.
AWS observability: Service Connect access logs
AWS documentation describes how Amazon ECS Service Connect supports access logs, providing request-level telemetry such as HTTP methods/paths/response codes and timing metadata—useful for troubleshooting and monitoring service-to-service traffic. [16]
Again, not a direct “AMZN pops tomorrow” item—but it feeds the broader view that AWS is competing aggressively on developer experience and operational maturity.
What to watch before the market opens Tuesday (Dec. 23, 2025)
If you’re looking for what could actually move AMZN at the open, the biggest near-term catalyst is macro, not micro.
High-impact U.S. data (Tuesday morning)
A market preview published today highlighted a packed schedule—most notably at 8:30 a.m. ET, including:
- GDP (Q3) (expected 3.2% vs. 3.8% prior, per that preview)
- Durable goods orders (Nov)
- Building permits (Nov)
- Core PCE price index (Nov)
…and later consumer confidence [17]
Why this matters for AMZN:
- Retail sensitivity: consumer confidence and any inflation signal (core PCE) can alter sentiment around discretionary spending and e-commerce.
- Rate sensitivity: big tech valuations still react to bond yields; GDP and inflation prints can shift rate expectations quickly.
- Holiday-week liquidity: fewer participants can amplify price action on surprises.
Holiday week mechanics: liquidity and a looming early close
Investors should also factor in the week’s trading schedule:
- The NYSE notes an early close at 1:00 p.m. ET on Wednesday, Dec. 24, 2025 (with certain options closing later), and the market is closed Thursday, Dec. 25. [18]
- Nasdaq’s holiday calendar also shows Dec. 24 as an early close and Dec. 25 closed. [19]
That matters because positioning and profit-taking often get compressed into fewer full sessions, and pre-holiday flows can distort signals.
A key “background headline” that remains active this week: FTC refunds timing
While not new today, it’s time-sensitive: the FTC’s refunds page says Amazon will provide automatic refunds to eligible Prime customers between Nov. 12, 2025 and Dec. 24, 2025, under the broader Prime-related settlement framework. [20]
This is unlikely to be a surprise to the market at this point, but it can still generate headlines in a thin-news week—worth keeping on the radar.
Looking ahead: the next major AMZN catalyst is earnings (date still varies by calendar)
If Tuesday’s open is macro-driven, the next truly company-defining event is the next earnings report—though calendars aren’t perfectly aligned yet:
- TipRanks lists Jan. 29, 2026 (after close) (and labels it “confirmed” on that page). [21]
- Investing.com also points to Jan. 29, 2026 as the next report date. [22]
- Nasdaq’s earnings page shows an algorithm-derived estimate that can differ (example shown: early February). [23]
Bottom line: the exact date can shift until Amazon formally announces it—so treat late January / early February as the window and confirm via Amazon IR as it approaches.
Bottom line for AMZN before Tuesday’s open
Amazon stock is ending Dec. 22 in a stable posture: up modestly on the day, slightly higher after hours, with today’s “fresh” tailwinds coming mostly from bullish analyst reiterations and target raises, plus ongoing narrative support around AI + AWS + logistics innovation. [24]
For Tuesday morning, the most practical checklist is:
- Watch 8:30 a.m. ET macro releases first (GDP, durable goods, permits, core PCE). [25]
- Expect headline-driven volatility to feel bigger than usual due to the holiday-shortened week. [26]
- Use the options snapshot as a sanity check: the market isn’t pricing an extreme move, but liquidity can override that. [27]
References
1. www.marketwatch.com, 2. www.marketwatch.com, 3. www.marketwatch.com, 4. www.tipranks.com, 5. www.investing.com, 6. www.marketwatch.com, 7. www.investing.com, 8. www.marketwatch.com, 9. www.tipranks.com, 10. www.tipranks.com, 11. www.tipranks.com, 12. www.tipranks.com, 13. www.marketbeat.com, 14. www.aboutamazon.com, 15. github.com, 16. docs.aws.amazon.com, 17. www.investing.com, 18. www.nyse.com, 19. www.nasdaqtrader.com, 20. www.ftc.gov, 21. www.tipranks.com, 22. www.investing.com, 23. www.nasdaq.com, 24. www.marketwatch.com, 25. www.investing.com, 26. www.nyse.com, 27. www.tipranks.com
